New Issue: Goldman Sachs prices $5 million callable step-up fixed-rate notes with 3.125% initial rate

New York, Sept. 23 – Goldman Sachs Group, Inc. priced $5 million of callable step-up fixed-rate notes due Sept. 23, 2036, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 3.125% from Sept. 23, 3.75% from Sept. 23, 2024, 4% from Sept. 23, 2029,, 5% from Sept. 23, 2033, 6% from Sept. 23, 2034 and 7% from Sept. 23, 2035.

The payout at maturity will be par.

The notes will be callable at par each March 23, June 23, Sept. 23 and Dec. 23 starting Sept. 23, 2017.

Goldman, Sachs & Co. and Incapital LLC are the underwriters.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$5 million
Maturity:	Sept. 23, 2036
Coupon:	3.125% from Sept. 23; 3.75% from Sept. 23, 2024; 4% from Sept. 23, 2029,; 5% from Sept. 23, 2033; 6% from Sept. 23, 2034; 7% from Sept. 23, 2035
Price:	Par
Payout at maturity:	Par
Call option:	At par each March 23, June 23, Sept. 23 and Dec. 23 starting Sept. 23, 2017
Pricing date:	Sept. 21
Settlement date:	Sept. 23
Underwriters:	Goldman, Sachs & Co. and Incapital LLC
Fees:	3.55%
Cusip:	38148TNS4

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