New Issue: Goldman prices $12.06 million callable step-up fixed-rate notes with 2% initial rate

By Wendy Van Sickle

Columbus, Ohio, Aug. 19 – Goldman Sachs Group, Inc. priced $12.06 million of callable step-up fixed-rate notes due Aug. 18, 2031, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be 2% initially, stepping up to 2.5% on Aug. 18, 2027 and to 3.25% on Aug. 18, 2030. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable at par quarterly beginning Aug. 18, 2023.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$12,058,000
Maturity:	Aug. 18, 2031
Coupon:	2% initially, stepping up to 2.5% on Aug. 18, 2027 and to 3.25% on Aug. 18, 2030; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par quarterly beginning Aug. 18, 2023
Pricing date:	Aug. 13
Settlement date:	Aug. 18
Agents:	Goldman Sachs & Co. LLC and InspereX LLC
Fees:	1.152%
Cusip:	38150AH73

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