Published on 7/20/2021 in the Prospect News Investment Grade Daily and Prospect News Structured Products Daily.
New Issue: Goldman sells $154.35 million fixed and floating rate notes with 0.65% initial rate
By Wendy Van Sickle
Columbus, Ohio, July 20 – Goldman Sachs Group, Inc. priced $154.35 million of fixed and floating rate notes due July 16, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 0.65% until after July 16, 2024 when interest will equal SOFR plus 50 basis points, with a floor of 0%. Interest is payable quarterly.
The payout at maturity will be par.
Goldman, Sachs & Co. LLC is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Fixed and floating rate notes
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Amount: | $154.35 million
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Maturity: | July 16, 2024
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Coupon: | 0.65% for first three years, then SOFR plus 50 bps, with floor of 0%; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | July 14
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Settlement date: | July 16
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Underwriter: | Goldman, Sachs & Co. LLC
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Fees: | 0.2%
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Cusip: | 38150AGZ2
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