By Wendy Van Sickle
Columbus, Ohio, April 11 – GS Finance Corp. priced $2.5 million of fixed- and floating-rate notes due April 7, 2037, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is initially 6.5%. After Oct. 7, 2023, it will be five times the spread of the 30-year U.S. dollar SOFR ICE swap rate minus the two-year U.S. dollar SOFR ICE swap rate, subject to a minimum interest rate of 0% and the maximum rate of 10% per year.
The payout at maturity will be par plus accrued interest.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Fixed- and floating-rate notes
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| Underlying rates: | 30-year U.S. dollar SOFR ICE swap rate and two-year U.S. dollar SOFR ICE swap rate
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| Amount: | $2.5 million
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| Maturity: | April 7, 2037
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| Coupon: | 6.5% initially; after Oct. 7, 2023, five times the spread of the 30-year U.S. dollar SOFR ICE swap rate minus the 2-year U.S. dollar SOFR ICE swap rate, subject to cap of 10% and floor of 0%
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| Price: | Par
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| Payout at maturity: | Par plus accrued interest
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| Pricing date: | April 4
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| Settlement date: | April 7
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| Underwriter: | Goldman, Sachs & Co. LLC
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| Fees: | 4.5%
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| Cusip: | 40057LQR5
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