By Wendy Van Sickle
Columbus, Ohio, May 27 – Goldman Sachs Group, Inc. priced $3.5 million of floating-rate notes due May 25, 2025 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is compounded SOFR with a floor of 3% and a cap of 6.5%. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
Goldman Sachs & Co. LLC is the agent.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Floating-rate notes
|
Underlying rate: | SOFR
|
Amount: | $3.5 million
|
Maturity: | May 25, 2025
|
Coupon: | Compounded SOFR with a floor of 3% and a cap of 6.5%, payable quarterly; rate resets quarterly
|
Price: | Par
|
Payout at maturity: | Par plus accrued and unpaid interest
|
Pricing date: | May 20
|
Settlement date: | May 25
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 0.93%
|
Cusip: | 38150AMX0
|
|
© 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.