New Issue: Goldman sells $23.15 million floating-rate notes linked to SOFR

By Wendy Van Sickle

Columbus, Ohio, Feb. 2 – Goldman Sachs Group, Inc. priced $23.15 million of floating-rate notes due Jan. 31, 2025 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is compounded SOFR plus a spread of 90 basis points with a floor of zero and a cap of 3%. Interest is payable quarterly.

The payout at maturity will be par plus accrued and unpaid interest.

Goldman Sachs & Co. LLC and InspereX LLC are the agents.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Floating-rate notes
Underlying rate:	SOFR
Amount:	$23.15 million
Maturity:	Jan. 31, 2025
Coupon:	Compounded SOFR plus 90 bps with a floor of zero and cap of 3%, payable quarterly; rate resets quarterly
Price:	Par
Payout at maturity:	Par plus accrued and unpaid interest
Pricing date:	Jan. 27
Settlement date:	Jan. 31
Underwriters:	Goldman, Sachs & Co. LLC and InspereX LLC
Fees:	0.27%
Cusip:	38150AKC2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.