By Susanna Moon
Chicago, Jan. 27 - Goldman Sachs Group, Inc. priced $3 million of fixed-to-floating notes due Jan. 28, 2024 linked to the Non-Seasonally Adjusted U.S. City Average All Items Consumer Price Index for All Urban Consumers, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be equal to the year-over-year change in the Consumer Price Index plus 150 basis points, up to a maximum rate of 7%. Interest is payable monthly and cannot be less than zero.
The payout at maturity will be par.
Goldman Sachs & Co. and Incapital LLC are the underwriters.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate notes
|
| Underlying index: | Consumer Price Index
|
| Amount: | $3 million
|
| Maturity: | Jan. 28, 2024
|
| Coupon: | Year-over-year change in CPI plus 150 bps, capped at 7% and floor of 0%; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 28
|
| Underwriters: | Goldman Sachs & Co. and Incapital LLC
|
| Fees: | 2.05%
|
| Cusip: | 38147QDP8
|
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