By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – GS Finance Corp. priced $10 million of callable quarterly six-month Libor and Russell 2000 index-linked range accrual notes due Feb. 12, 2031, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The interest rate will be the applicable rate multiplied by the proportion of days on which the index closes at or above the barrier level, 70% of the initial index level, and six-month Libor is 6% or less. The applicable rate will be 6.5% per year for the first 32 quarters and 8% per year for the final 28 quarters. Interest will be payable quarterly.
The payout at maturity will be par.
Beginning Feb. 12, 2017, the notes will be callable at par on any interest payment date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable quarterly range accrual notes
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| Underlying assets: | Russell 2000 index, six-month Libor
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| Amount: | $10 million
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| Maturity: | Feb. 12, 2031
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| Coupon: | Applicable rate of 6.5% per annum for first 32 quarters and 8% thereafter multiplied by proportion of days index closes above barrier level and six-month Libor is 6% or less
|
| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par on any interest payment date beginning Feb. 12, 2017
|
| Initial index level: | 963.895
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| Barrier level: | 674.7265, 70% of initial level
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 12
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 3.35%
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| Cusip: | 40054K3B0
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