By Marisa Wong and Cristal Cody
Los Angeles, Oct. 19 – Goldman Sachs Group Inc. priced $4 billion of notes in two parts on Wednesday, according to a market source.
Goldman Sachs priced $2.75 billion of 6.484% six-year notes at Treasuries plus 157 basis points. The coupon for the notes resets to SOFR plus 177 bps. Initial price talk was in the Treasuries plus 180 bps to 185 bps area.
The notes are non-callable for five years.
The company also priced $1.25 billion of 6.561% 11-year notes at Treasuries plus 167 bps. The coupon for the notes resets to SOFR plus 195 bps. Initial price talk was in the Treasuries plus 195 bps to 200 bps area.
The tranche is non-callable for 10 years.
Goldman Sachs & Co. LLC is the bookrunner.
Goldman Sachs is a New York-based banking, securities and investment management company.
| Issuer: | Goldman Sachs Group Inc.
|
| Amount: | $4 billion
|
| Issue: | Notes
|
| Bookrunner: | Goldman Sachs & Co. LLC
|
| Pricing date: | Oct. 18
|
|
|
| 2029 notes
|
| Amount: | $2.75 billion
|
| Maturity: | Oct. 24, 2029
|
| Coupon: | 6.484% initially, resets to SOFR plus 177 bps
|
| Spread: | Treasuries plus 157 bps
|
| Call: | Non-callable for five years
|
| Initial price talk: | Treasuries plus 180 bps to 185 bps area
|
|
|
| 2034 notes
|
| Amount: | $1.25 billion
|
| Maturity: | Oct. 24, 2034
|
| Coupon: | 6.561% initially, resets to SOFR plus 195 bps
|
| Spread: | Treasuries plus 167 bps
|
| Call: | Non-callable for 10 years
|
| Initial price talk: | Treasuries plus 195 bps to 200 bps area
|
|
|
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