New Issue: Goldman Sachs sells C$1 billion of 2.599% fixed-to-floaters due 2027

By Devika Patel

Knoxville, Tenn., Dec. 3 – Goldman Sachs Group Inc. issued C$1 billion of 2.599% six-year fixed-to-floating rate notes on Nov. 30, according to a 424B2 filing with the Securities and Exchange Commission.

The notes bear interest at a fixed rate of 2.599% until Nov. 30, 2026 and then carry a coupon equal to CDOR plus 60.1 basis points.

Goldman Sachs & Co. LLC was the bookrunner.

Goldman Sachs Group is a New York-based banking, securities and investment management company.

Issuer:	Goldman Sachs Group Inc.
Amount:	C$1 billion
Description:	Fixed-to-floating rate notes
Maturity:	Nov. 30, 2027
Bookrunner:	Goldman Sachs & Co. LLC
Senior co-managers:	BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.
Co-managers:	National Bank Financial Markets, CIBC World Markets Inc., Desjardins Securities Inc. and Laurentian Bank Securities Inc.
Coupon:	2.599% until Nov. 30, 2026, then floats at CDOR plus 60.1 bps
Price:	Par
Call:	Make-whole call at Canada Yield Price plus 25.5 bps on or after May 30, 2022 to, but excluding, Nov. 30, 2026; par call on Nov. 30, 2026 or on or after Oct. 30, 2027
Pricing date:	Nov. 22
Settlement date:	Nov. 30
Cusip:	38141GZC1

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