New Issue: Goldman Sachs prices $2 million callable step-up notes with 3.5% start rate

By Sarah Lizee

Olympia, Wash., Feb. 14 – Goldman Sachs Group, Inc. priced $2 million of callable step-up fixed-rate notes due Feb. 14, 2030, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 3.5% initially, stepping up to 4% on Feb. 14, 2026 and to 4.5% on Feb. 14, 2028. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable in whole at par each quarterly date beginning on Feb. 14, 2019.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$2 million
Maturity:	Feb. 14, 2030
Coupon:	3.5% initially, stepping up to 4% on Feb. 14, 2026 and to 4.5% on Feb. 14, 2028; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par quarterly beginning Feb. 14, 2019
Pricing date:	Feb. 12
Settlement date:	Feb. 14
Underwriter:	Goldman, Sachs & Co. LLC
Fees:	1.975%
Cusip:	38150A5T8

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