By Wendy Van Sickle
Columbus, Ohio, April 27 – GS Finance Corp. priced $2 million of callable quarterly range accrual notes due April 28, 2026 linked to the S&P 500 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 an annualized rate for each day that the index closes at or above the coupon barrier level, 75% of the initial index level, and Libor is 5% or less. The rate will be 4% for the first 20 quarterly interest payment dates, 5% for the next 12 quarterly interest payment dates and 6% for the final eight quarterly interest payment dates. Interest will be payable quarterly.
The notes will be callable at par on any interest payment date after one year.
The payout at maturity will be par.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Gurantor: | Goldman Sachs Group Inc.
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| Issue: | Callable quarterly range accrual notes
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| Underlying index: | S&P 500
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| Amount: | $2 million
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| Maturity: | April 28, 2026
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| Coupon: | 4% for first 20 payment dates, 5% for next 12 payment dates and 6% for final eight payment dates, annualized for each day that the index closes at or above barrier level and Libor is 5% or less; payable quarterly
|
| Price: | Par of $10
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| Call: | At par on any interest payment date after one year
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| Payout at maturity: | Par
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| Initial index level: | 2,087.79
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| Barrier level: | 1,565.8425, 75% of initial level
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Agents: | Goldman Sachs & Co.
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| Fees: | 1.95%
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| Cusip: | 40054KB21
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