By William Gullotti
Buffalo, N.Y., Oct. 6 – GS Finance Corp. priced $7.56 million of callable fixed and floating rate notes due Oct. 5, 2032, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The coupon will 9% for the first two years. Starting Oct. 5, 2024, interest will equal the two-year U.S. Dollar SOFR ICE swap rate plus 120 basis points, subject to a floor of 0% and a cap of 7%.
Interest is payable quarterly.
The payout at maturity will be par.
Goldman, Sachs & Co. LLC and InspereX LLC are the underwriters.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed and floating rate notes
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| Amount: | $7.56 million
|
| Maturity: | Oct. 5, 2032
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| Coupon: | 9% for first two years, then two-year U.S. Dollar SOFR ICE swap rate plus 120 bps, with floor of 0% and a cap of 7%; payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Underwriters: | Goldman, Sachs & Co. LLC and InspereX LLC
|
| Fees: | 1.543%
|
| Cusip: | 38150APL3
|
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