By Sarah Lizee
Olympia, Wash., Dec. 4 – GS Finance Corp. priced $2.79 million of callable quarterly CMS spread-linked notes due Nov. 22, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly and will be equal to 8 times the spread of the 10-year Constant Maturity Swap rate minus the two-year CMS rate, subject to a minimum rate of 0%.
The payout at maturity will be par.
The notes are callable quarterly at par starting May 22, 2021.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable quarterly CMS spread notes
|
| Underlying rates: | 10-year and two-year Constant Maturity Swap rates
|
| Amount: | $2,792,000
|
| Maturity: | Nov. 22, 2024
|
| Coupon: | Payable quarterly and will be equal to 8 times the spread of the 10-year CMS rate minus the two-year CMS rate, subject to a minimum rate of 0%
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Callable quarterly at par starting May 22, 2021
|
| Pricing date: | Nov. 20
|
| Settlement date: | Nov. 22
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.85%
|
| Cusip: | 40056XQS8
|
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