Published on 3/19/2019 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $25.11 million callable step-up notes with 3.25% initial rate
By Sarah Lizee
Olympia, Wash., March 19 – Goldman Sachs Group, Inc. priced $25.11 million of callable step-up fixed-rate notes due March 19, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 3.25% initially, stepping up to 3.5% on March 19, 2020, to 3.75% on March 19, 2021; to 4% on March 19, 2022 and to 4.25% on March 19, 2023. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par each March 19, June 19, Sept. 19 and Dec. 19 starting March 19, 2020.
Goldman Sachs & Co. is the agent.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Callable step-up fixed-rate notes
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Amount: | $25,113,000
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Maturity: | March 19, 2024
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Coupon: | 3.25% initially, stepping up to 3.5% on March 19, 2020, to 3.75% on March 19, 2021; to 4% on March 19, 2022 and to 4.25% on March 19, 2023; payable semiannually
|
Price: | Par
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Payout at maturity: | Par
|
Call option: | At par each March 19, June 19, Sept. 19 and Dec. 19 starting March 19, 2020
|
Pricing date: | March 15
|
Settlement date: | March 19
|
Agent: | Goldman Sachs & Co.
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Fees: | 0.761%
|
Cusip: | 38150ACE3
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