By Wendy Van Sickle
Columbus, Ohio, May 13 – Goldman Sachs Group, Inc. priced $13.55 million of floating-rate notes due June 12, 2023 linked to SOFR, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is compounded SOFR with a floor of 2.7% and a cap of 3%. Interest is payable quarterly.
The payout at maturity will be par plus accrued and unpaid interest.
Goldman Sachs & Co. LLC is the agent.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Floating-rate notes
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Underlying rate: | SOFR
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Amount: | $13.55 million
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Maturity: | June 12, 2023
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Coupon: | Compounded SOFR with a floor of 2.7% and a cap of 3%, payable quarterly; rate resets quarterly
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Price: | Par
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Payout at maturity: | Par plus accrued and unpaid interest
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Pricing date: | May 10
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Settlement date: | May 12
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.27%
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Cusip: | 38150AMK8
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