By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – GS Finance Corp. priced $6.08 million of floating-rate notes due Dec. 23, 2062 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 a spread of 10 basis points, subject to a floor of 0%. Interest is payable quarterly.
There will be a put option annually after two years starting at 97, stepping up to 98 on Dec. 23, 2025, to 99 on Dec. 23, 2028 and to par on Dec. 23, 2031
The payout at maturity will be par plus accrued and unpaid interest.
Goldman, Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Floating-rate notes
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| Underlying rate: | SOFR
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| Amount: | $6.08 million
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| Maturity: | Dec. 23, 2062
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| Coupon: | Compounded SOFR plus 10 bps with a floor of 0%, payable quarterly; rate resets quarterly
|
| Price: | Par
|
| Put option: | Annually after two years starting at 97, stepping up to 98 on Dec. 23, 2025, to 99 on Dec. 23, 2028 and to par on Dec. 23, 2031
|
| Payout at maturity: | Par plus accrued and unpaid interest
|
| Pricing date: | Dec. 20
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| Settlement date: | Dec. 23
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| Underwriters: | Goldman, Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 1%
|
| Cusip: | 40057PB76
|
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