New Issue: Goldman sells $18.23 million floating-rate notes linked to SOFR

By Wendy Van Sickle

Columbus, Ohio, May 2 – Goldman Sachs Group, Inc. priced $18.23 million of floating-rate notes due April 27, 2025 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is compounded SOFR with a floor of 2.9% and a cap of 6%. Interest is payable quarterly.

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
Underlying rate:	SOFR
Amount:	$18,225,000
Maturity:	April 27, 2025
Coupon:	Compounded SOFR with a floor of 2.9% and cap of 6%, payable quarterly; rate resets quarterly
Price:	Par
Payout at maturity:	Par plus accrued and unpaid interest
Pricing date:	April 22
Settlement date:	April 27
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.027%
Cusip:	38150AM51

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