By Sarah Lizee
Olympia, Wash., July 3 – GS Finance Corp. priced $509,000 of callable buffered monthly range accrual notes due June 29, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annualized rate of 5.2% for each day that the index closes at or above 80% coupon barrier, payable monthly.
The notes will be callable at par on any interest payment date after one year.
If the notes are not called, the payout at maturity will be par unless the index finishes below 80% of its initial level, in which case investors will lose 1% for every 1% decline of the index beyond 20%.
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 buffered monthly range accrual notes
|
| Underlying index: | Russell 2000
|
| Amount: | $509,000
|
| Maturity: | June 29, 2026
|
| Coupon: | 5.2% annualized for each day that each index closes at or above 80% coupon barrier, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below 80% of its initial level, in which case investors will lose 1% for every 1% decline of the index beyond 20%
|
| Call option: | At par plus interest on any interest payment date after one year
|
| Initial level: | 1,517.775
|
| Coupon barrier: | 1,214.220, 80% of initial level
|
| Pricing date: | June 26
|
| Settlement date: | June 28
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.3%
|
| Cusip: | 40056FMZ5
|
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