By William Gullotti
Buffalo, N.Y., Aug. 6 – GS Finance Corp. priced $6.25 million of floating-rate notes due Aug. 5, 2025 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The interest rate is compounded SOFR plus a spread of 0.56% with a floor of 0%. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
Goldman, Sachs & Co. LLC and InspereX LLC are the underwriters.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Floating-rate notes
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Underlying rate: | SOFR
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Amount: | $6,250,000
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Maturity: | Aug. 5, 2025
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Coupon: | Compounded SOFR plus 0.56% with a floor of 0%, payable quarterly; rate resets quarterly
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Price: | Par
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Payout at maturity: | Par plus accrued and unpaid interest
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Pricing date: | Aug. 3
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Settlement date: | Aug. 5
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Underwriters: | Goldman, Sachs & Co. LLC and InspereX LLC
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Fees: | 0.359%
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Cusip: | 38150AH81
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