New Issue: Goldman Sachs prices $2.5 million callable step-up fixed-rate notes with 3.5% initial rate

By Wendy Van Sickle

Columbus, Ohio, Dec. 30 – Goldman Sachs Group, Inc. priced $2.5 million of callable step-up fixed-rate notes due Dec. 30, 2020, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is initially 3.5%, stepping up to 4% Dec. 30, 2024, to 5% Dec. 30, 2028 and to 6.5% on Dec. 30, 2030. Interest will be payable semiannually.

The payout at maturity will be par.

The notes will be callable at par on the 30th of each March, June, September and December, starting Dec. 30, 2017.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$2.5 million
Maturity:	Dec. 30, 2020
Coupon:	3.5% initially, stepping up to 4% Dec. 30, 2024, to 5% Dec. 30, 2028 and to 6.5% on Dec. 30, 2030; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par on the 30th of each March, June, September and December, starting Dec. 30, 2017
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Underwriters:	Goldman Sachs & Co. and Incapital LLC
Fees:	2.674%
Cusip:	38148TPJ2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.