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GS Finance to price callable monthly range accrual notes on Russell
By Wendy Van Sickle
Columbus, Ohio, Oct. 27 – GS Finance Corp. plans to price callable monthly range accrual notes due Nov. 15, 2027 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 will accrue at 4.5% annualized for each day that the index closes at or above the trigger level, 78.5% of the initial index level. Interest will be payable monthly.
The notes will be callable in whole but not in part at par plus accrued interest on any interest payment date beginning on Nov. 15, 2018.
The payout at maturity will be par.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054LYF5) will price on Nov. 10 and settle on Nov. 15.
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