By Toni Weeks
San Luis Obispo, Calif., March 31 - Goldman Sachs Group, Inc. priced $2.86 million of callable monthly Russell 2000 index-linked range accrual notes due March 31, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 5% for each day that the index closes at or above the 77.5% coupon barrier level. Interest is payable monthly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning June 30.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable monthly range accrual notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2,862,000
|
| Maturity: | March 31, 2024
|
| Coupon: | 5% annualized per day that index closes at or above coupon barrier level
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning June 30
|
| Initial level: | 1,151.441
|
| Barrier level: | 892.366775, 77.5% of initial level
|
| Pricing date: | March 27
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.45%
|
| Cusip: | 38147QUF1
|
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