Chicago, March 16 – Goldman Sachs Group, Inc. priced $50 million of fixed and floating rate notes due April 13, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will 6.1% for the first six months. Starting Sept. 13, 2023, interest will equal the one-year U.S. Dollar SOFR ICE swap rate plus 10 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 agent.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Fixed and floating rate notes
|
| Amount: | $50 million
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| Maturity: | April 13, 2024
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| Coupon: | 6.1% for first six months, then one-year U.S. Dollar SOFR ICE swap rate plus 10 bps, with floor of 0.5%; payable monthly
|
| Price: | Par
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| Payout at maturity: | Par
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| Pricing date: | March 9
|
| Settlement date: | March 13
|
| Underwriter: | Goldman, Sachs & Co. LLC
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| Fees: | 0.05%
|
| Cusip: | 38150ARC1
|
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