New Issue: GS Finance sells $40.18 million floating-rate notes linked to SOFR

By Wendy Van Sickle

Columbus, Ohio, June 20 – GS Finance Corp. priced $40.18 million of floating-rate notes due June 14, 2043 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 25 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 June 14, 2026, to 99 on June 14, 2028 and to par on June 14, 2033.

The payout at maturity will be par plus accrued interest.

Goldman, Sachs & Co. LLCC is the underwriter with UBS Financial Services Inc. as selling agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Floating-rate notes
Underlying rate:	SOFR
Amount:	$40,175,000
Maturity:	June 14, 2043
Coupon:	SOFR plus 25 bps with a floor of 0%, payable quarterly; rate resets quarterly
Price:	Par
Payout at maturity:	Par plus accrued interest
Put option:	Annually after two years starting at 97, stepping up to 98 June 14, 2026, to 99 on June 14, 2028 and to par on June 14, 2033
Pricing date:	June 9
Settlement date:	June 14
Underwriter:	Goldman, Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
Fees:	1%
Cusip:	40057TB45

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