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Goldman Sachs to price callable step-up notes with 3.25% initial rate
By Sarah Lizee
Olympia, Wash., Feb. 21 – Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due March 2023, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 3.25% initially, stepping up to 3.5% in March 2021 and to 4% in March 2022. Interest will be payable semiannually.
The payout at maturity will be par.
The notes will be callable in whole at par quarterly beginning in March 2019.
Goldman Sachs & Co. LLC and Incapital LLC are the underwriters.
The notes (Cusip: 38150A6C4) are expected to price and settle in March.
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