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Goldman plans six-year step-up callable notes with 2.5%-4% coupon
By Susanna Moon
Chicago, Dec. 11 – Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due December 2023, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 2.5% for the first two years, stepping up to 3% in December 2019, to 3.5% in December 2021 and to 4% in December 2022. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable at par on any quarterly call date after one year.
Goldman, Sachs & Co. is the agent.
The notes will price and settle in December.
The Cusip number is 38150A5H4.
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