Goldman Sachs to price callable step-up notes with 3.5% start rate

By Sarah Lizee

Olympia, Wash., June 12 – Goldman Sachs Group, Inc. plans to price callable step-up fixed-rate notes due June 2031, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 3.5% initially, stepping up to 3.75% in June 2024, to 4% in June 2027 and to 5% in June 2030. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par quarterly beginning in June 2021.

Goldman Sachs & Co. LLC and Incapital LLC are the agents.

The notes (Cusip: 38150ACV5) are expected to price in June.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.