By Wendy Van Sickle
Columbus, Ohio, Aug. 23 – GS Finance Corp. priced $1.01 million of callable fixed and floating rate notes due July 30, 2036, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The coupon is 6% until after July 30, 2022 when interest will equal 10 times the difference between the 30-year CMS rate minus the five-year CMS rate minus 30 basis points, with a floor of 0% and a maximum rate of 15%. Interest is payable quarterly.
The notes will be callable at par plus interest on any quarterly payment date after one year.
The payout at maturity will be par.
Goldman, Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed and floating rate notes
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| Amount: | $1.01 million
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| Maturity: | July 30, 2036
|
| Coupon: | 6% for first year, then 10 times the difference between 30-year CMS rate minus five-year CMS rate minus 30 bps, with floor of 0% and cap of 15%; payable quarterly
|
| Call option: | At par plus interest on any quarterly payment date after one year
|
| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | July 28
|
| Settlement date: | July 30
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 4.192%
|
| Cusip: | 40057HWP1
|
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