By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – Goldman Sachs Group, Inc. priced $150 million of fixed and floating rate notes due March 27, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will 6% for the first six months. Starting Aug. 27, 2023, interest will equal the one-year U.S. Dollar SOFR ICE swap rate plus 20 basis points, subject to a floor of 0.1%.
Interest is payable monthly.
The payout at maturity will be par.
Goldman, Sachs & Co. LLC and InspereX LLC are the underwriters.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Fixed and floating rate notes
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Amount: | $150 million
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Maturity: | March 27, 2024
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Coupon: | 6% for first six months, then one-year U.S. Dollar SOFR ICE swap rate plus 20 bps, with floor of 0.1%; payable monthly
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Price: | Par
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Payout at maturity: | Par
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Pricing date: | Feb. 23
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Settlement date: | Feb. 27
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Underwriters: | Goldman, Sachs & Co. LLC and InspereX LLC
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Fees: | 0.27%
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Cusip: | 38150AQX6
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