By Wendy Van Sickle
Columbus, Ohio, April 4 – GS Finance Corp. priced $9.44 million of callable range accrual notes due Sept. 30, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The coupon will be payable monthly at an annual rate of 6.05% for each day the index closes at or above its 80% barrier level.
The payout at maturity will be par, unless the index falls by more than 20%, in which case investors will be exposed to the loss beyond 20%.
The notes will be callable at par on any interest payment date after one year.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group Inc.
|
| Issue: | Callable range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $9,439,000
|
| Maturity: | Sept. 30, 2024
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| Coupon: | Payable monthly at annual rate of 6.05% for each day the index closes at or above its 80% barrier level
|
| Price: | Par
|
| Call: | At par on any interest payment date after one year
|
| Payout at maturity: | Par unless index falls by more than 20%, in which case exposure to loss beyond 20%
|
| Initial index level: | 2,361.13
|
| Barrier level: | 1,888.904, 80% of its initial level
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Agents: | Goldman Sachs & Co.
|
| Fees: | 4.9%
|
| Cusip: | 40054KYR1
|
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