New Issue: Goldman Sachs sells $25 million floating- and fixed-rate notes

By Wendy Van Sickle

Columbus, Ohio, June 2 – Goldman Sachs Group, Inc. priced $25 million of floating- and fixed-rate notes due June 1, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The initial interest rate will SOFR plus a spread of 32 basis points. Starting June 1, 2022, the rate will convert to a fixed rate of 0.52%. Interest is payable quarterly and cannot be less than zero.

The payout at maturity will be par.

Goldman Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Floating- and fixed-rate notes
Amount:	$25 million
Maturity:	June 1, 2023
Coupon:	SOFR plus 32 bps initially, 0% floor, starting on June 1, 2022, 0.52% fixed rate; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	May 26
Settlement date:	June 1
Underwriter:	Goldman Sachs & Co.
Fees:	0.1%
Cusip:	38150AG74

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