Published on 3/1/2018 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.25 million callable monthly range accrual notes tied to Russell
By Wendy Van Sickle
Columbus, Ohio, March 1 – GS Finance Corp. priced $2.25 million of callable buffered monthly range accrual notes due Feb. 28, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 4.4% annualized for each day that the index closes at or above 75% coupon barrier, payable monthly.
The notes will be callable at par on any interest payment date after one year.
The payout at maturity will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable monthly range accrual notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2,246,000
|
| Maturity: | Feb. 28, 2028
|
| Coupon: | 4.4% annualized for each day that each index closes at or above coupon barrier, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par plus interest on any interest payment date beginning Feb. 28, 2019
|
| Initial level: | 1,559.332
|
| Coupon barrier: | 1,169.499, 75% of initial level
|
| Pricing date: | Feb. 26
|
| Settlement date: | Feb. 28
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 3.7%
|
| Cusip: | 40055AKE6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
