New Issue: GS Finance sells $7.5 million fixed and floating rate notes with 2% initial rate

Chicago, Aug. 10 – GS Finance Corp. priced $7.5 million of fixed and floating rate notes due Dec. 22, 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% until Dec. 22, 2023, when interest will be SOFR plus 100 basis points, subject to a floor of 0% and a cap of 5%. Interest is payable quarterly.

The notes will be callable quarterly starting May 18, 2023.

The payout at maturity will be par.

Goldman, Sachs & Co. LLC and InspereX LLC are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Fixed and floating rate notes
Amount:	$7,500,000
Maturity:	Dec. 22, 2031
Coupon:	2% for first year, then SOFR plus 100 bps, with floor of 0% and a cap of 5%; payable quarterly
Price:	Par
Payout at maturity:	Par
Pricing date:	Dec. 20, 2021
Settlement date:	Dec. 22, 2021
Underwriters:	Goldman, Sachs & Co. LLC and InspereX LLC
Fees:	0.75%
Cusip:	38150AK38

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