By William Gullotti
Buffalo, N.Y., Nov. 14 – GS Finance Corp. priced $14.25 million of callable step-up fixed-rate notes due Nov. 9, 2032, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest will be 6.5% initially, stepping up to 7% on Nov. 9, 2027 and to 8% on Nov. 9, 2030. Interest is payable semiannually.
The notes will be callable at par quarterly beginning May 9, 2024.
The payout at maturity will be par.
Goldman Sachs & Co. LLC and InspereX LLC are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable step-up fixed-rate notes
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Amount: | $17,119,000
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Maturity: | Nov. 9, 2032
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Coupon: | 6.5% initially, stepping up to 7% on Nov. 9, 2027 and to 8% on Nov. 9, 2030; payable semiannually
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par quarterly beginning May 9, 2024
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Pricing date: | Nov. 7
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Settlement date: | Nov. 9
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Agents: | Goldman Sachs & Co. LLC and InspereX LLC
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Fees: | 1.304%
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Cusip: | 38150AQ24
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