Published on 2/15/2017 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $2.11 million callable step-up fixed-rate notes with 2.25% initial rate
By Wendy Van Sickle
Columbus, Ohio, Feb. 15 – Goldman Sachs Group, Inc. priced $2.11 million of callable step-up fixed-rate notes due Feb. 15, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.5% initially, stepping up to 3% in February 2020, to 4.5% in February 2021 and to 5.5% in August 2021. 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.
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Issue: | Callable step-up fixed-rate notes
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Amount: | $2,106,000
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Maturity: | Feb. 15, 2022
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Coupon: | be 2.5% initially, stepping up to 3% in February 2020, to 4.5% in February 2021 and to 5.5% in August 2021; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par each January, April, July and October beginning January 2019
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Pricing date: | Feb. 10
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Settlement date: | Feb. 15
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Underwriters: | Goldman Sachs & Co. and Incapital LLC
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Fees: | 0.974%
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Cusip: | 38150A2A2
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