By Wendy Van Sickle
Columbus, Ohio, Oct. 16 – GS Finance Corp. priced $3 million of callable monthly range accrual notes due Oct. 3, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 11.35% annualized for each day that the index closes at or above 80% coupon barrier, payable monthly.
The notes will be callable at par on any interest payment date beginning April 3, 2019.
The payout at maturity will be par plus any coupon payment owed, unless the index falls by more than 40%, in which case investors will be fully exposed to the loss.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable monthly range accrual notes
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Underlying index: | Euro Stoxx 50
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Amount: | $3 million
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Maturity: | Oct. 3, 2028
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Coupon: | 11.35% annualized for each day that each index closes at or above 80% coupon barrier, payable monthly
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Price: | Par
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Payout at maturity: | Par plus any coupon due, unless index falls by more than 40%, in which case full exposure to the loss
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Call option: | At par plus interest on any interest payment date beginning April 3, 2019
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Initial level: | 3,399.2
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Coupon barrier: | 2,719.36, 80% of initial level
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Pricing date: | Sept. 28
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Settlement date: | Oct. 3
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Agent: | Goldman Sachs & Co.
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Fees: | 0.45%
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Cusip: | 40056E2G2
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