Published on 2/27/2019 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $15.25 million callable step-up fixed-rate notes with 3.3% initial rate
New York, Feb. 27 – Goldman Sachs Group, Inc. priced $15.25 million of callable step-up fixed-rate notes due Aug. 27, 2021, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 3.3% from Feb. 27 and 4.25% from Feb. 27, 2021.
The payout at maturity will be par.
The notes will be callable at par each Feb. 27, May 27, Aug. 27 and Nov. 27 starting Aug. 27.
Goldman, Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Callable step-up fixed-rate notes
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Amount: | $15,249,000
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Maturity: | Aug. 27, 2021
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Coupon: | 3.3% from Feb. 27; 4.25% from Feb. 27, 2021
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par each Feb. 27, May 27, Aug. 27 and Nov. 27 starting Aug. 27
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Pricing date: | Feb. 25
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Settlement date: | Feb. 27
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Underwriters: | Goldman, Sachs & Co.
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Fees: | 0.533%
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Cusip: | 38150AC86
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