By Wendy Van Sickle
Columbus, Ohio, March 23 – GS Finance Corp. priced $91.13 million of floating-rate notes due March 23, 2062 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The interest rate is compounded SOFR with a floor of 0%. Interest is payable quarterly.
Holders will have a put right on every March interest payment date after two years.
The payout at maturity will be par plus accrued and unpaid interest.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate notes
|
| Underlying rate: | SOFR
|
| Amount: | $91,128,000
|
| Maturity: | March 23, 2062
|
| Coupon: | Compounded SOFR with a floor of 0%, payable quarterly; rate resets quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued and unpaid interest
|
| Put right: | On every March payment date after two years
|
| Pricing date: | March 18
|
| Settlement date: | March 23
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057LL41
|
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