New Issue: Goldman sells $3 million fixed- and floating-rate notes linked to swap rate

By Wendy Van Sickle

Columbus, Ohio, Feb. 14 – Goldman Sachs Group, Inc. priced $3 million of fixed- and floating-rate notes due Feb. 11, 2032, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is initially 2.5%. After Feb. 11, 2024, it will be the five-year U.S. dollar SOFR ICE swap rate plus 108 basis points, subject to a minimum interest rate of 0% and the maximum rate of 5% per year.

The payout at maturity will be par plus accrued interest.

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

Issuer:	Goldman Sachs Group, Inc.
Issue:	Fixed- and floating-rate notes
Underlying rate:	Five-year U.S. dollar SOFR ICE swap rate
Amount:	$3 million
Maturity:	Feb. 11, 2032
Coupon:	2.5% initially; after Feb. 11, 2024, five-year U.S. dollar SOFR ICE swap rate plus 108 bps, with floor of 0% and cap of 5%
Price:	Par
Payout at maturity:	Par plus accrued interest
Pricing date:	Feb. 9
Settlement date:	Feb. 11
Underwriters:	Goldman, Sachs & Co. LLC and InspereX LLC
Fees:	0.75%
Cusip:	38150AKN4

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