By Angela McDaniels
Tacoma, Wash., Oct. 30 – GS Finance Corp. priced $1.83 million of 4.25% callable fixed-coupon buffered notes due Oct. 31, 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 is payable quarterly.
If the index return is greater than or equal to negative 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Beginning in October 2018, the notes will be callable at par on any coupon payment date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed-coupon buffered notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1,825,000
|
| Maturity: | Oct. 31, 2022
|
| Coupon: | 4.25%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to negative 15%, par; otherwise, 1% loss for every 1% that index declines beyond 15%
|
| Call option: | At par on any coupon payment date from October 2018 onward
|
| Initial index level: | 1,497.459
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.6%
|
| Cusip: | 40054LVG6
|
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