By Wendy Van Sickle
Columbus, Ohio, May 16 – GS Finance Corp. priced $1.06 million of callable monthly range accrual notes due May 17, 2028 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.
The interest rate is 5% per year multiplied by the proportion of days on which the index closes at or above the barrier level, 75% of the initial index level. Interest is payable monthly.
The payout at maturity will be par.
Beginning May 17, 2019, the notes will be callable at par on any interest payment date.
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: | $1,055,000
|
| Maturity: | May 17, 2028
|
| Coupon: | 5% per year multiplied by proportion of days on which index closes at or above trigger level; payable monthly
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par
|
| Call option: | At par on any interest payment date beginning May 17, 2019
|
| Initial index level: | 1,600.344
|
| Trigger level: | 1,200.258, 75% of initial level
|
| Pricing date: | May 14
|
| Settlement date: | May 17
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.7%
|
| Cusip: | 40055AYX9
|
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