By Wendy Van Sickle
Columbus, Ohio, March 22 – GS Finance Corp. priced $5.69 million of floating-rate notes due March 15, 2028 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 105 basis points, subject to a floor of 0.5%. Interest is payable quarterly.
The payout at maturity will be par plus accrued interest.
Goldman, Sachs & Co. LLCC and InspereX LLC are the underwriters.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Floating-rate notes
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| Underlying rate: | SOFR
|
| Amount: | $5.69 million
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| Maturity: | March 15, 2028
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| Coupon: | SOFR plus 105 bps with a floor of 0.5%, payable quarterly; rate resets quarterly
|
| Price: | Par
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| Payout at maturity: | Par plus accrued interest
|
| Pricing date: | March 15
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| Settlement date: | March 17
|
| Underwriters: | Goldman, Sachs & Co. LLC and InspereX LLC
|
| Fees: | 0.73%
|
| Cusip: | 40057PZC9
|
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