By William Gullotti
Buffalo, N.Y., April 25 – GS Finance Corp. priced $1.5 million of callable fixed and floating rate notes due April 21, 2038, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The coupon is 10% until after April 21, 2025 when interest will equal the difference between the 30-year U.S. Dollar SOFR ICE swap rate minus the two-year U.S. Dollar SOFR ICE swap rate multiplied by 25, with a floor of 0% and a cap of 8.5%. Interest is payable quarterly.
The notes will be callable quarterly starting April 21, 2025.
The payout at maturity will be par.
Goldman, Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed and floating rate notes
|
| Amount: | $1.5 million
|
| Maturity: | April 21, 2038
|
| Spread: | 30-year U.S. Dollar SOFR ICE swap rate minus two-year U.S. Dollar SOFR ICE swap rate
|
| Coupon: | 10% for first two years, then difference between the 30-year U.S. Dollar SOFR ICE swap rate minus the two-year U.S. Dollar SOFR ICE swap rate times 25, with floor of 0% and a cap of 8.5%; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | Quarterly starting April 21, 2025
|
| Pricing date: | April 19
|
| Settlement date: | April 21
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 4.15%
|
| Cusip: | 40057RJ90
|
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