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GS Finance to price buffered monthly range accrual notes on Russell
New York, April 4 – GS Finance Corp. plans to price callable buffered monthly range accrual notes due April 30, 2024 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 5.85% annualized for each day that the index closes at or above the coupon barrier level, 80% of the initial index level. Interest will be payable monthly.
GS Finance may call the notes, in whole but not in part, at par on any interest payment date beginning on April 31, 2019.
The payout at maturity will be par unless the index falls by more than the 20% buffer, in which case investors will lose 1% for each 1% decline beyond 20%.
Goldman Sachs & Co. is the agent.
The notes will price on April 26 and settle on April 30.
The Cusip number is 40055AX69.
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