By Wendy Van Sickle
Columbus, Ohio, May 30 – Goldman Sachs Group, Inc. priced $50.74 million of fixed and floating rate notes due July 1, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will 6.55% for the first six months. After Nov. 30, 2023, interest will equal the one-year U.S. Dollar SOFR ICE swap rate plus 35 basis points, subject to a floor of 0.5%.
Interest is payable monthly.
The payout at maturity will be par.
Goldman, Sachs & Co. LLC and InspereX LLC are the agents.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed and floating rate notes
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| Amount: | $50.74 million
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| Maturity: | July 1, 2024
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| Coupon: | 6.55% for first six months then one-year U.S. Dollar SOFR ICE swap rate plus 35 bps, with floor of 0.5%; payable monthly
|
| Price: | Par
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| Payout at maturity: | Par
|
| Pricing date: | May 22
|
| Settlement date: | May 30
|
| Underwriters: | Goldman, Sachs & Co. LLC and InspereX LLC
|
| Fees: | 0.2%
|
| Cusip: | 38150ASL0
|
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