By Wendy Van Sickle
Columbus, Ohio, Oct. 18 – GS Finance Corp. priced $10 million of floating-rate notes due Sept. 20, 2029 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 plus a spread of 170 basis points, subject to a floor of 0.1%. 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 underwriters.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Floating-rate notes
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| Underlying rate: | SOFR
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| Amount: | $10 million
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| Maturity: | Sept. 20, 2029
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| Coupon: | Compounded SOFR plus 170 bps with a floor of 0.1%, 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. 16
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| Settlement date: | Sept. 20
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| Underwriters: | Goldman, Sachs & Co. LLC and InspereX LLC
|
| Fees: | 0.8%
|
| Cusip: | 40057N7L5
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