By William Gullotti
Buffalo, N.Y., Dec. 18 – GS Finance Corp. priced $13 million of callable step-up fixed-rate notes due Dec. 18, 2030, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest will be 6% initially, stepping up to 6.5% on Dec. 18, 2026, to 7% on Dec. 18, 2028 and to 8% on Dec. 18, 2029. Interest is payable semiannually.
The notes will be callable at par quarterly after one year.
The payout at maturity will be par.
Goldman Sachs & Co. LLC and InspereX LLC are the agents.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable step-up fixed-rate notes
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| Amount: | $13 million
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| Maturity: | Dec. 18, 2030
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| Coupon: | 6% initially, stepping up to 6.5% on Dec. 18, 2026, to 7% on Dec. 18, 2028 and to 8% starting Dec. 18, 2029; payable semiannually
|
| Price: | Par
|
| Payout at maturity: | Par
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| Call option: | At par quarterly after one year
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| Pricing date: | Dec. 13
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| Settlement date: | Dec. 18
|
| Agents: | Goldman Sachs & Co. LLC and InspereX LLC
|
| Fees: | 0.56%
|
| Cusip: | 38150ANW1
|
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