By Wendy Van Sickle
Columbus, Ohio, Dec. 14 – Goldman Sachs Group, Inc. priced $60 million of floating-rate notes due Jan. 11, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is the one-year U.S. dollar SOFR ICE swap rate plus a spread of 80 basis points, subject to a floor of 0.5%. Interest is payable monthly.
The payout at maturity will be par plus accrued and unpaid interest.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate notes
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| Underlying rate: | One-year U.S. dollar SOFR ICE swap rate
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| Amount: | $60 million
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| Maturity: | Jan. 11, 2025
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| Coupon: | One-year U.S. dollar SOFR ICE swap rate plus 80 bps with a floor of 0.5%, payable monthly; rate resets monthly
|
| Price: | Par
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| Payout at maturity: | Par plus accrued and unpaid interest
|
| Pricing date: | Dec. 7
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| Settlement date: | Dec. 11
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.05%
|
| Cusip: | 38150AVW2
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