By Sarah Lizee
Olympia, Wash., June 13 – Goldman Sachs Group, Inc. priced $9 million of callable step-up fixed-rate notes due June 12, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be 3% initially, stepping up to 3.25% in June 2022, to 3.5% in June 2023 and to 4% in December 2023. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable at par quarterly beginning in June 2020.
Goldman Sachs & Co. LLC and Incapital LLC are the agents.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable step-up fixed-rate notes
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| Amount: | $9 million
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| Maturity: | June 12, 2024
|
| Coupon: | 3% initially, stepping up to 3.25% in June 2022, to 3.5% in June 2023 and to 4% in December 2023; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par quarterly beginning in June 2020
|
| Pricing date: | June 10
|
| Settlement date: | June 12
|
| Underwriters: | Goldman Sachs & Co. LLC
|
| Fees: | 0.817%
|
| Cusip: | 38150ACX1
|
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