New Issue: Goldman Sachs prices $2.44 million callable step-up fixed-rate notes with 3.25% initial rate

New York, May 31 – Goldman Sachs Group, Inc. priced $2.44 million of callable step-up fixed-rate notes due May 31, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The coupon is 3.25% from May 31, 4.25% from May 31, 2021, 5% from May 31, 2022 and 6% from Nov. 30, 2022.

The payout at maturity will be par.

The notes will be callable at par each Feb., May, Aug. and Nov. starting May 31, 2019.

Goldman, Sachs & Co. and Incapital LLC are the underwriters.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$2,444,000
Maturity:	May 31, 2023
Coupon:	3.25% from May 31; 4.25% from May 31, 2021; 5% from May 31, 2022; 6% from Nov. 30, 2022
Price:	Par
Payout at maturity:	Par
Call option:	At par each Feb., May, Aug. and Nov. starting May 31, 2019
Pricing date:	May 29
Settlement date:	May 31
Underwriters:	Goldman, Sachs & Co. and Incapital LLC
Fees:	1.036%
Cusip:	38150A7A7

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