The Goldman Sachs Group, Inc. has declared its decision to redeem all of its outstanding Floating Rate Notes due May 15, 2026, on May 15, 2025. The notes form part of the company's Medium-Term Notes, Series N, with a total principal value of $1.5 billion.
The redemption will be at 100% of the principal amount along with accrued and unpaid interest, up until the redemption date. Post redemption date, interest on these notes will no longer accrue.
Investors in these notes are encouraged to reach out to their bank or broker for details on obtaining the redemption payment for their beneficial interests.
Goldman Sachs, a prominent global financial institution, offers a varied range of financial services to diverse clients across corporations, financial institutions, governments, and individuals. Established in 1869, Goldman Sachs is based in New York and operates in major financial hubs globally.