New Issue: Goldman sells $51.59 million fixed- and floating-rate notes

By Wendy Van Sickle

Columbus, Ohio, July 13 – Goldman Sachs Group, Inc. priced $51.59 million of fixed- and floating-rate notes due Aug. 29, 2023, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is initially 3.65%. After Aug. 6, 2022, it will be five times the spread of the two-year U.S. dollar SOFR ICE swap rate plus 40 basis points, subject to a minimum interest rate of 0.1%. Interest is payable monthly

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:	Two-year U.S. dollar SOFR ICE swap rate
Amount:	$51.59 million
Maturity:	Aug. 29, 2023
Coupon:	3.65% initially; after Aug. 6, 2022, two-year U.S. dollar SOFR ICE swap rate plus 40 bps, subject to floor of 0.1%; payable monthly
Price:	Par
Payout at maturity:	Par plus accrued interest
Pricing date:	June 30
Settlement date:	July 6
Underwriters:	Goldman Sachs & Co. LLC and InspereX LLC
Fees:	0.2%
Cusip:	38150ANK7

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