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GS Finance plans to price putable floating-rate notes due 2058
By Sarah Lizee
Olympia, Wash., Feb. 16 – GS Finance Corp. plans to price putable floating-rate notes due Feb. 27, 2058, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be equal to Libor minus a spread of 35 basis points, subject to a minimum interest rate of 0% per year. Interest will be payable quarterly.
The payout at maturity will be par.
The notes are putable beginning on Feb. 27, 2021 and every year after that. The redemption price is 98 from Feb. 27, 2021 to Feb. 27, 2028, 99 from Feb. 27, 2029 to Feb. 27, 2038 and par after that.
Goldman Sachs & Co. and UBS Financial Services Inc. are the underwriters.
The notes (Cusip: 40055AMK0) are expected to price on Feb. 22 and settle on Feb. 27.
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