Published on 8/10/2021 in the Prospect News Investment Grade Daily and Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $152.25 million fixed- and floating-rate notes due 2023
By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – Goldman Sachs Group, Inc. priced $152.25 million of fixed- and floating-rate notes due July 30, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is initially 0.7%. After July 30, 2022, it will be SOFR plus 50 basis points, subject to a minimum interest rate of 0% per year.
The payout at maturity will be par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Fixed- and floating-rate notes
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| Amount: | $152.25 million
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| Maturity: | July 30, 2024
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| Coupon: | Initially 0.7%; after July 30, 2022, SOFR plus 50 bps, subject to minimum 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 28
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| Settlement date: | July 30
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 0.2%
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| Cusip: | 38150AH57
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