By William Gullotti
Buffalo, N.Y., Oct. 12 – GS Finance Corp. priced $5 million of floating-rate notes due Oct. 5, 2027 linked to the five-year U.S. dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The interest rate is the SOFR ICE swap rate plus a spread of 185 basis points, subject to a floor of 0.1%. Interest is payable quarterly.
The payout at maturity will be par plus accrued interest.
Goldman Sachs & Co. LLC is the underwriter.
| 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: | Five-year U.S. dollar SOFR ICE swap rate
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| Amount: | $5 million
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| Maturity: | Oct. 5, 2027
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| Coupon: | Underlying rate plus 185 bps, subject to 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 interest
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 38150APK5
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