Published on 10/13/2021 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $50 million floating-rate notes linked to SOFR
By Wendy Van Sickle
Columbus, Ohio, Oct. 13 – Goldman Sachs Group, Inc. priced $50 million of floating-rate notes due Oct. 5, 2023 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is compounded SOFR plus a spread of 45 basis points with a floor of zero. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
Goldman, Sachs & Co. LLC is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Floating-rate notes
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Underlying rate: | SOFR
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Amount: | $50 million
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Maturity: | Oct. 5, 2023
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Coupon: | Compounded SOFR plus 45 bps with a floor of zero, payable quarterly; rate resets quarterly
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Price: | Par
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Payout at maturity: | Par plus accrued and unpaid interest
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Underwriter: | Goldman, Sachs & Co. LLC
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Fees: | 0.125%
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Cusip: | 38150AJ22
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