By Kiku Steinfeld
Chicago, July 6 – GS Finance Corp. priced $3.02 million of callable fixed and floating rate notes due June 30, 2031, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The coupon is 4.25% until after June 30, 2022 when interest will equal the difference between the 30-year CMS rate minus the five-year CMS rate multiplied by 3.25, with a floor of 1% and a cap of 8%. Interest is payable quarterly.
The notes will be callable quarterly starting May 28, 2022.
The payout at maturity will be par.
Goldman, Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed and floating rate notes
|
| Amount: | $3.02 million
|
| Maturity: | June 30, 2031
|
| Spread: | 30-year CMS rate minus five-year CMS rate
|
| Coupon: | 4.25% for first two years, then difference between the 30-year CMS rate minus the five-year CMS rate times 3.25, with floor of 1% and a cap of 8%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Quarterly starting June 30, 2022
|
| Pricing date: | June 28
|
| Settlement date: | June 30
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 1.324%
|
| Cusip: | 40057HNH9
|
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