Published on 11/5/2021 in the Prospect News Structured Products Daily.
New Issue: Goldman sells $4.2 million fixed and floating rate notes with 2.5% initial rate
By Wendy Van Sickle
Columbus, Ohio, Nov. 5 – Goldman Sachs Group, Inc. priced $4.2 million of fixed and floating rate notes due Oct. 29, 2031, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 2.5% until Oct. 29, 2023 when interest will equal SOFR, with a floor of 1.7% and cap of 5%. 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: | $4.2 million
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Maturity: | Oct. 29, 2031
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Coupon: | 2.5% until Oct. 29, 2023, then SOFR, with floor of 1.7% and cap of 5%; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Oct. 27
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Settlement date: | Oct. 29
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Underwriter: | Goldman, Sachs & Co. LLC
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Fees: | 0.99%
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Cusip: | 38150AJ97
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