Published on 11/8/2012 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $20 million callable step-up fixed-rate notes with 3% initial rate
New York, Nov. 8 - Goldman Sachs Group, Inc. priced $20 million of callable step-up fixed-rate notes due May 9, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 3% from Nov. 9, 4% from Nov. 9, 2017, 5% from Nov. 9, 2020, 6.25% from Nov. 9, 2023 and 7.25% from Nov. 9, 2024.
The payout at maturity will be par.
The notes will be callable at par each May 9, Aug. 9, Nov. 9 and Feb. 9 starting May 9, 2013.
Goldman, Sachs & Co. and Incapital LLC are the underwriters.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Callable step-up fixed-rate notes
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Amount: | $20 million
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Maturity: | May 9, 2025
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Coupon: | 3% from Nov. 9; 4% from Nov. 9, 2017; 5% from Nov. 9, 2020; 6.25% from Nov. 9, 2023; 7.25% from Nov. 9, 2024
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Price: | Par
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Payout at maturity: | par
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Call option: | At par each May 9, Aug. 9, Nov. 9 and Feb. 9 starting May 9, 2013
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Pricing date: | Nov. 6
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Settlement date: | Nov. 9
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Underwriters: | Goldman, Sachs & Co. and Incapital LLC
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Fees: | 2.725%
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Cusip: | 38141GHE7
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