By Wendy Van Sickle
Columbus, Ohio, May 4 – Goldman Sachs Group, Inc. priced $8.97 million of floating-rate notes due April 29, 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 2.8%. 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: | $8.97 million
|
| Maturity: | April 29, 2025
|
| Coupon: | Compounded SOFR with a floor of 2.8%, payable quarterly; rate resets quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued and unpaid interest
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.974%
|
| Cusip: | 38150AM93
|
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