By Jennifer Chiou
New York, Nov. 14 – Goldman Sachs Group, Inc. priced $2 million of floating-rate notes due Nov. 19, 2024 linked to the Consumer Price Index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be equal to the year-over-year change in the index plus 105 basis points. Interest is payable monthly and cannot be less than zero.
The payout at maturity will be par.
Goldman Sachs & Co. is the agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Floating-rate notes
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Underlying index: | Consumer Price Index
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Amount: | $2 million
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Maturity: | Nov. 19, 2024
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Coupon: | Equal to the year-over-year change in index plus 105 bps, floor of zero; payable monthly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Nov. 12
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Settlement date: | Nov. 19
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Agent: | Goldman Sachs & Co.
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Fees: | 2.175%
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Cusip: | 38147QLY0
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