Published on 8/1/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.15 million callable step-up notes with 3% initial rate
By Sarah Lizee
Olympia, Wash., Aug. 1 – Goldman Sachs Group, Inc. priced $2.15 million of callable step-up fixed-rate notes due July 31, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 3% initially, stepping up to 3.5% on July 31, 2019 and to 4% on July 31, 2020. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable in whole at par quarterly beginning Jan. 31, 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: | $2,146,000
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Maturity: | July 31, 2021
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Coupon: | 3% initially, stepping up to 3.5% on July 31, 2019 and to 4% on July 31, 2020; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | Callable at par quarterly beginning Jan. 31, 2019
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Pricing date: | July 27
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Settlement date: | July 31
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Agent: | Goldman Sachs & Co. and Incapital LLC
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Fees: | 0.597%
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Cusip: | 38150AAU9
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