New Issue: Goldman sells $5.03 million fixed- and floating-rate notes

By Wendy Van Sickle

Columbus, Ohio, May 12 – Goldman Sachs Group, Inc. priced $5.03 million of fixed- and floating-rate notes due April 29, 2032, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is initially 6.1%. After April 29, 2024, it will be five times the spread of the 10-year U.S. dollar SOFR ICE swap rate plus 60 basis points, subject to a minimum interest rate of 0.1%.

The payout at maturity will be par plus accrued interest.

Goldman Sachs & Co. LLC and InspereX LLC are the agents.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Fixed- and floating-rate notes
Underlying rate:	10-year U.S. dollar SOFR ICE swap rate
Amount:	$5,027,000
Maturity:	April 29, 2032
Coupon:	6.1% initially; after April 29, 2024, 10-year U.S. dollar SOFR ICE swap rate plus 60 bps, subject to floor of 0.1%
Price:	Par
Payout at maturity:	Par plus accrued interest
Pricing date:	April 27
Settlement date:	April 29
Underwriters:	Goldman Sachs & Co. LLC and InspereX LLC
Fees:	1.379%
Cusip:	38150AM36

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