By Angela McDaniels
Tacoma, Wash., Sept. 13 – GS Finance Corp. priced $11.81 million floating-rate notes due Sept. 13, 2069, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is Libor minus 30 basis points, subject to a minimum of zero. Interest is payable quarterly.
The notes are putable on the September interest payment date each year subject to a minimum of $100,000 principal amount of notes. Per $1,000 principal amount, the redemption amount will be $980 from 2020 to 2024, $990 from 2025 to 2030 and par from 2031 to 2068.
The payout at maturity will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Floating-rate notes
|
| Amount: | $11,809,000
|
| Maturity: | Sept. 13, 2069
|
| Coupon: | Libor minus 30 bps, subject to minimum of zero; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Put option: | On Sept. 13 of each year subject to minimum of $100,000 principal amount of notes; redemption amount is 98 from 2020 to 2024, 99 from 2025 to 2030 and par from 2031 to 2068
|
| Pricing date: | Sept. 11
|
| Settlement date: | Sept. 13
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.9%
|
| Cusip: | 40056XD78
|
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