New Issue: GS Finance prices $5.52 million putable floating-rate notes due 2058

By Sarah Lizee

Olympia, Wash., March 27 – GS Finance Corp. priced $5.52 million of putable floating-rate notes due March 29, 2058, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Interest will be equal to Libor minus 30 basis points, subject to a minimum interest rate of 0%. Interest is payable quarterly.

The notes are putable in whole or in part beginning on March 29, 2021 and every other year after that. The redemption price is 98 from March 29, 2021 to March 29, 2027, 99 from March 29, 2029 to March 29, 2037 and par after that.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Issue:	Putable floating-rate notes
Amount:	$5.52 million
Maturity:	March 29, 2058
Price:	Par
Payout at maturity:	Par
Coupon:	Libor minus 30 basis points, subject to 0% floor; payable quarterly
Put option:	Putable beginning March 29, 2021 and every other year after; redemption price is 98 from March 29, 2021 to March 29, 2027, 99 from March 29, 2029 to March 29, 2037 and par after
Pricing date:	March 26
Settlement date:	March 29
Agents:	Goldman Sachs & Co.
Fees:	1.9%
Cusip:	40055ATA5

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