By Wendy Van Sickle
Columbus, Ohio, March 8 – Goldman Sachs Group, Inc. priced $150 million of fixed and floating rate notes due March 7, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will 6% for the first year. Starting June 7, 2024, interest will equal the two-year U.S. Dollar SOFR ICE swap rate plus 90 basis points, subject to a floor of 0.5%.
Interest is payable monthly.
The payout at maturity will be par.
Goldman, Sachs & Co. LLC is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Fixed and floating rate notes
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| Amount: | $150 million
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| Maturity: | March 7, 2026
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| Coupon: | 6% for first year, then two-year U.S. Dollar SOFR ICE swap rate plus 90 bps, with floor of 0.5%; payable monthly
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| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | March 3
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| Settlement date: | March 7
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| Underwriter: | Goldman, Sachs & Co. LLC
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| Fees: | 0.3%
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| Cusip: | 38150ARK3
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