By Wendy Van Sickle
Columbus, Ohio, April 11 – GS Finance Corp. priced $2.5 million of fixed- and floating-rate notes due April 7, 2037, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is initially 6.5%. After Oct. 7, 2023, it will be five times the spread of the 30-year U.S. dollar SOFR ICE swap rate minus the two-year U.S. dollar SOFR ICE swap rate, subject to a minimum interest rate of 0% and the maximum rate of 10% per year.
The payout at maturity will be par plus accrued interest.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Fixed- and floating-rate notes
|
Underlying rates: | 30-year U.S. dollar SOFR ICE swap rate and two-year U.S. dollar SOFR ICE swap rate
|
Amount: | $2.5 million
|
Maturity: | April 7, 2037
|
Coupon: | 6.5% initially; after Oct. 7, 2023, five times the spread of the 30-year U.S. dollar SOFR ICE swap rate minus the 2-year U.S. dollar SOFR ICE swap rate, subject to cap of 10% and floor of 0%
|
Price: | Par
|
Payout at maturity: | Par plus accrued interest
|
Pricing date: | April 4
|
Settlement date: | April 7
|
Underwriter: | Goldman, Sachs & Co. LLC
|
Fees: | 4.5%
|
Cusip: | 40057LQR5
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.