By William Gullotti
Buffalo, N.Y., June 22 – GS Finance Corp. priced $4.2 million of floating-rate notes due July 21, 2023 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The interest rate is compounded SOFR with a ceiling of 3% and a floor of 2.65%. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate notes
|
| Underlying rate: | SOFR
|
| Amount: | $4.2 million
|
| Maturity: | July 21, 2023
|
| Coupon: | Compounded SOFR with a ceiling of 3% and a floor of 2.65%, payable quarterly; rate resets quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued and unpaid interest
|
| Pricing date: | June 15
|
| Settlement date: | June 21
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.445%
|
| Cusip: | 38150AN84
|
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