By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – GS Finance Corp. priced $61.93 million of floating-rate notes due Feb. 4, 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 minus a spread of 30 basis points with a floor of 0%. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
Goldman, Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Floating-rate notes
|
Underlying rate: | SOFR
|
Amount: | $61,928,000
|
Maturity: | Feb. 4, 2062
|
Coupon: | Compounded SOFR minus 30 bps with a floor of 0%, payable quarterly; rate resets quarterly
|
Price: | Par
|
Payout at maturity: | Par plus accrued and unpaid interest
|
Pricing date: | Feb. 1
|
Settlement date: | Feb. 4
|
Underwriter: | Goldman, Sachs & Co. LLC
|
Fees: | 1%
|
Cusip: | 40057KZS5
|
|
© 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.