By Wendy Van Sickle
Columbus, Ohio, Oct. 24 – Goldman Sachs Group, Inc. priced $1 million of callable fixed and floating rate notes due Sept. 20, 2032, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 7% until Sept. 20, 2024, when interest will equal the two-year U.S. dollar SOFR ICE swap rate plus 130 basis points, subject to a floor of 0% and a cap of 7%. Interest is payable quarterly.
The notes will be callable quarterly starting Sept. 20, 2024.
The payout at maturity will be par.
Goldman, Sachs & Co. LLC and InspereX LLC are the underwriters.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed and floating rate notes
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| Amount: | $1 million
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| Maturity: | Sept. 20, 2032
|
| Coupon: | 7% for first two years, then two-year U.S. dollar SOFR ICE swap rate plus 130 bps, with floor of 0% and a cap of 7%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
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| Call option: | Quarterly starting Sept. 20, 2024
|
| Pricing date: | Sept. 16
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| Settlement date: | Sept. 20
|
| Underwriter: | Goldman, Sachs & Co. LLC and InspereX LLC
|
| Fees: | 0.85%
|
| Cusip: | 38150AP90
|
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