By Toni Weeks
San Luis Obispo, Calif., April 29 - Goldman Sachs Group, Inc. priced $2.47 million of callable monthly Russell 2000 index-linked range accrual notes due April 30, 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.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable monthly range accrual notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2.47 million
|
| Maturity: | April 30, 2024
|
| Coupon: | 5% annualized per day that index closes at or above coupon barrier level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning July 30
|
| Initial level: | 1,117.062
|
| Coupon barrier level: | 865.72305, 77.5% of initial level
|
| Trigger level: | 80% of initial index level
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.55%
|
| Cusip: | 38147Q2C9
|
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