New Issue: GS Finance sells $6.16 million callable step-up fixed-rate notes with 5.5% initial rate

By William Gullotti

Buffalo, N.Y., June 21 – GS Finance Corp. priced $6.16 million of callable step-up fixed-rate notes due June 21, 2033, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Interest will be 5.5% initially, stepping up to 6% on June 20, 2028, to 7.5% on June 20, 2031 and to 9% on June 20, 2032. Interest is payable semiannually.

The notes will be callable at par quarterly beginning Dec. 20, 2024.

The payout at maturity will be par.

Goldman Sachs & Co. LLC and InspereX LLC are the agents.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable step-up fixed-rate notes
Amount:	$6,155,000
Maturity:	June 21, 2033
Coupon:	5.5% initially, stepping up to 6% on June 20, 2028, to 7.5% on June 20, 2031 and to 9% on June 20, 2032; payable semiannually
Price:	Par
Payout at maturity:	Par
Call option:	At par quarterly beginning Dec. 20, 2024
Pricing date:	June 15
Settlement date:	June 20
Agents:	Goldman Sachs & Co. LLC and InspereX LLC
Fees:	1.739%
Cusip:	38150ATM7

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