By Susanna Moon
Chicago, May 2 – GS Finance Corp. priced $697,000 of callable buffered monthly range accrual notes due April 28, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest accrues at an annual rate of 5.1% for each day that the index closes at or above the coupon barrier, 80% of the initial index level. Interest is payable monthly.
The payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1% for each 1% decline beyond 20%.
The notes will be callable at par on any interest payment date after one year.
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 buffered monthly range accrual notes
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| Underlying index: | Russell 2000
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| Amount: | $697,000
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| Maturity: | April 28, 2022
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| Coupon: | 5.1% annualized for each day that index closes at or above 80% coupon barrier, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless index falls by more than 20%, in which case 1% loss for each 1% decline beyond 20%
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| Call option: | At par on any interest payment date beginning April 28, 2018
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| Initial level: | 1,419.431
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| Coupon barrier: | 1,135.5448, 80% of initial levels
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| Pricing date: | April 26
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| Settlement date: | April 28
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| Agent: | Goldman Sachs & Co.
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| Fees: | 4.85%
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| Cusip: | 40054L4F8
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