By Wendy Van Sickle
Columbus, Ohio, Nov. 3 – GS Finance Corp. priced $687,000 of callable monthly range accrual notes due Oct. 31, 2023 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.
The interest rate is 5% per year multiplied by the proportion of days on which the index closes at or above the barrier level, 80% of the initial index level. Interest is payable monthly.
The payout at maturity will be par.
Beginning Oct. 31, 2018, the notes will be callable at par on any interest payment date.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable monthly range accrual notes
|
| Underlying index: | Russell 2000
|
| Amount: | $687,000
|
| Maturity: | Oct. 31, 2023
|
| Coupon: | 5% per year multiplied by proportion of days on which index closes at or above barrier level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning Oct. 31, 2018
|
| Initial index level: | 1,508.316
|
| Barrier level: | 1,206.6528, 80% of initial level
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.875%
|
| Cusip: | 40054LVD3
|
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