By Wendy Van Sickle
Columbus, Ohio, Dec. 23 – GS Finance Corp. priced $2.25 million of callable floating-rate notes due Dec. 21, 2027 linked to the spread between the 30-year U.S. dollar ICE swap rate and the two-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will bear interest at the 30-year U.S. dollar ICE swap rate minus two-year U.S. dollar ICE swap rate, all times 23. There is a maximum of 15% per year and a floor of 2%. Interest will be reset and payable quarterly.
The payout at maturity will be par plus accrued interest.
At the issuer's option, the notes are callable in whole or in part on any quarterly redemption date after one year.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Underlying spread: | 30-year U.S. dollar ICE swap rate minus two-year U.S. dollar ICE swap rate
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| Issue: | Callable floating-rate notes
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| Amount: | $2.25 million
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| Maturity: | Dec. 21, 2027
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| Coupon: | 30-year U.S. dollar ICE swap rate minus two-year U.S. dollar ICE swap rate, all times 23 with floor of 2% and ceiling of 15%; reset and payable quarterly
|
| Price: | Par
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| Payout at maturity: | Par
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| Call option: | On any quarterly redemption date after one year
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| Pricing date: | Dec. 16
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| Settlement date: | Dec. 21
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 40057PAS1
|
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