New Issue: GS Finance sells $50 million fixed and floating rate notes with 6% initial rate

By William Gullotti

Buffalo, N.Y., Dec. 18 – GS Finance Corp. priced $50 million of fixed and floating rate notes due Jan. 21, 2025, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The coupon is 6% until after June 21, 2024 when interest will equal the one-year U.S. Dollar SOFR ICE swap rate plus 72 basis points, subject to a floor of 0.5%. Interest is payable quarterly.

The payout at maturity will be par.

Goldman, Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Fixed and floating rate notes
Amount:	$50,000,000
Maturity:	Jan. 21, 2025
Coupon:	6% for first six months, then one-year U.S. Dollar SOFR ICE swap rate plus 72 bps, with floor of 0.5%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Dec. 13
Settlement date:	Dec. 21
Agent:	Goldman, Sachs & Co. LLC
Fees:	0.06%
Cusip:	38150AVZ5

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