By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – GS Finance Corp. priced $3.52 million of fixed and floating rate notes due Sept. 15, 2031, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The coupon is 3% until after Sept. 15, 2022 when interest will equal the five-year Constant Maturity Swap rate plus 10 basis points, with a floor of 1% and a cap of 4%. Interest is payable quarterly.
The payout at maturity will be par.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Fixed and floating rate notes
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| Underlying rate: | Five-year Constant Maturity Swap rate
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| Amount: | $3.52 million
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| Maturity: | Sept. 15, 2031
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| Coupon: | 3% for first year, then five-year CMS rate plus 10 bps, with floor of 1% and a cap of 4%; payable quarterly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | Sept. 8
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| Settlement date: | Sept. 10
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.342%
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| Cusip: | 38150AHQ1
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