By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – Goldman Sachs Group, Inc. priced $2.5 million of callable step-up fixed-rate notes due Jan. 31, 2027, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 3% initially, stepping up to 3.75% in January 2021, to 4.25% in January 2024 and to 6.25% in January 2026. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable each January, April, July and October beginning January 2019.
Goldman, Sachs & Co. and Incapital LLC are the agents.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable step-up coupon notes
|
| Amount: | $2.5 million
|
| Maturity: | Jan. 31, 2027
|
| Coupon: | 3% initially, stepping up to 3.75% in January 2021, to 4.25% in January 2024 and to 6.25% in January 2026; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any quarterly beginning in January 2019
|
| Pricing date: | Jan. 27
|
| Settlement date: | Jan. 31
|
| Agents: | Goldman, Sachs & Co. and Incapital LLC
|
| Fees: | 2.1%
|
| Cusip: | 38150AAA3
|
|
|
© 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.
