Chicago, Nov. 3 – GS Finance Corp. priced $7.8 million of swap spread-linked range accrual notes due Oct. 31, 2028, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be fixed at 7.5% for the first year. After that, it will accrue at the same rate for each day that the spread of the 30-year U.S. Dollar SOFR ICE swap rate over the two-year U.S. Dollar SOFR ICE swap rate is greater than or equal to 0%.
Interest will be paid quarterly.
The payout at maturity will be par plus any accrued interest.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Swap spread-linked range accrual notes
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Underlying rates: | 30-year U.S. Dollar SOFR ICE swap, two-year U.S. Dollar SOFR ICE swap rate
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Amount: | $7,800,000
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Maturity: | Oct. 31, 2028
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Coupon: | Fixed at 7.5% for the first year; after that, accruing at a rate of 7.5% per year for each day that the spread of the 30-year U.S. Dollar SOFR ICE swap over the two-year U.S. Dollar SOFR ICE swap rate is greater than or equal to 0%; payable quarterly
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Price: | Par
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Payout at maturity: | Par plus any accrued interest
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Pricing date: | Oct. 27
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Settlement date: | Oct. 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.946%
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Cusip: | 40057WSV0
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