By Wendy Van Sickle
Columbus, Ohio, June 24 – GS Finance Corp. priced $5 million of floating-rate notes due June 22, 2029 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 plus 170 basis points with a floor of 0.1% per annum. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
Goldman Sachs & Co. LLC and InspereX LLC are the underwriters.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate notes
|
| Underlying rate: | SOFR
|
| Amount: | $5 million
|
| Maturity: | June 22, 2029
|
| Coupon: | Compounded SOFR plus 170 bps with a floor of 0.1% per annum, payable quarterly; rate resets quarterly
|
| Price: | Par
|
| Payout at maturity: | Par plus accrued and unpaid interest
|
| Pricing date: | June 17
|
| Settlement date: | June 22
|
| Underwriters: | Goldman Sachs & Co. LLC and InspereX LLC
|
| Fees: | 0.7%
|
| Cusip: | 40057MGQ6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
