New Issue: GS Finance sells $2.75 million fixed and floating rate notes with 2.15% initial rate

By William Gullotti

Buffalo, N.Y., July 16 – GS Finance Corp. priced $2.75 million of fixed and floating rate notes due May 28, 2031, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The coupon is 2.15% until after May 28, 2023 when interest will equal SOFR plus 100 basis points, with a floor of 0% and a cap of 5%. Interest is payable quarterly.

The payout at maturity will be par.

Goldman, Sachs & Co. LLC and Incapital LLC are the underwriters.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Fixed and floating rate notes
Amount:	$2,750,000
Maturity:	May 28, 2031
Coupon:	2.15% for first two years, then SOFR plus 100 bps, with floor of 0% and a cap of 5%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	May 26
Settlement date:	May 28
Underwriters:	Goldman, Sachs & Co. LLC and Incapital LLC
Fees:	1.032%
Cusip:	38150AG58

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