By William Gullotti
Buffalo, N.Y., Feb. 1 – GS Finance Corp. priced $4.5 million of floating-rate notes due Jan. 30, 2063, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The interest rate will be compounded SOFR plus 40 basis points, subject to a floor of 0%. Interest is payable quarterly.
Holders may require the issuer to repurchase the notes annually starting Jan. 30, 2027 at 98, stepping up to par starting Jan. 30, 2044. The put option is subject to a minimum redemption amount of $100,000.
The payout at maturity will be par plus accrued and unpaid interest.
Goldman, Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Floating-rate notes
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| Underlying rate: | Compounded SOFR
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| Amount: | $4.5 million
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| Maturity: | Jan. 30, 2063
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| Coupon: | Compounded SOFR plus 40 bps, subject to floor of 0%, payable quarterly; rate resets quarterly
|
| Price: | Par
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| Payout at maturity: | Par plus accrued and unpaid interest
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| Put option: | Annually starting Jan. 30, 2027 at 98 through Jan. 30, 2029; amount steps up to par starting Jan. 30, 2044; subject to $100,000 minimum redemption amount
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Goldman, Sachs & Co. LLC
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| Fees: | 1%
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| Cusip: | 40057PGV8
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