SAN FRANCISCO (KCBS) — San Francisco police are investigating a Thursday night officer-involved shooting in the Mission District that left a robbery suspect dead.

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Officers responded to the area of 24th and Folsom streets at about 9:45 p.m. in reference to call about a Hispanic man with a knife.

San Francisco police Chief Greg Suhr told KCBS that two plainclothes officers came upon the scene and saw the suspect with a large knife chasing another man on Folsom Street.

“The officers drew their weapons, demanded for man to drop his knife–he refused. We have several witnesses that heard this,” he said.

The situation escalated, and the officers, who had their department issued stars visible on their clothes, fired six shots at the suspect, Suhr said.

The suspect, described as being his 20s, was shot and pronounced dead at the scene.

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Suhr said that the victim told investigators that suspect was trying to steal his bicycle when the officers intervened.

“He thanked the Captain saying, ‘you guys saved my life,” Suhr said.

The victim and responding officers were not injured.

The two officers will be placed on paid administrative leave as the incident is investigated by the San Francisco Police Department’s homicide detail, the San Francisco District Attorney’s Office and San Francisco Police Department Internal Affairs, police said.

The suspect’s identity will be released once the medical examiner’s office officially identifies the man and after his next-of-kin has been notified, police said.

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Suhr said he will hold a public meeting at some point early next week to share information about the shooting with the neighborhood.