By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – GS Finance Corp. priced $10 million of callable fixed and floating rate notes due Feb. 21, 2030, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The coupon is 4% until after Feb. 21, 2022 when interest will equal 6.5 times the difference between the 30-year CMS rate minus the two-year CMS rate with a floor of zero and a cap of 6.5%. Interest is payable quarterly.
The notes will be callable quarterly starting Feb. 21, 2022.
The payout at maturity will be par.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable fixed and floating rate notes
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Amount: | $10 million
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Maturity: | Feb. 21, 2030
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Spread: | 30-year CMS rate minus two-year CMS rate
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Coupon: | 4% for first two years, then 6.5 times the difference between the 30-year CMS rate minus the two-year CMS rate with floor of zero and a cap of 6.5%; payable quarterly
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Price: | Par
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Payout at maturity: | Par
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Call option: | Quarterly starting Feb. 21, 2022
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Pricing date: | Feb. 19
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Settlement date: | Feb. 21
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 1.3%
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Cusip: | 40056YJM7
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