By Wendy Van Sickle
Columbus, Ohio, Nov. 11 – GS Finance Corp. priced $1 million of callable fixed and floating rate notes due Nov. 10, 2027, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon is 8.85% until Nov. 10, 2024, when interest will equal 10 times the spread of the 10-year U.S. dollar SOFR ICE swap rate minus the two-year U.S. dollar SOFR ICE swap rate, subject to a floor of 0% and a cap of 10%. Interest is payable quarterly.
The notes will be callable quarterly starting Nov. 10, 2024.
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.
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| Issue: | Callable fixed and floating rate notes
|
| Amount: | $1 million
|
| Maturity: | Nov. 10, 2027
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| Coupon: | 8.85% for first two years, then 10 times spread of 10-year U.S. dollar SOFR ICE swap rate minus two-year U.S. dollar SOFR ICE swap rate, with floor of 0% and a cap of 10%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Quarterly starting Nov. 10, 2024
|
| Pricing date: | Nov. 8
|
| Settlement date: | Nov. 10
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.3%
|
| Cusip: | 40057NX69
|
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