By Susanna Moon
Chicago, Sept. 6 – GS Finance Corp. priced $150,000 of callable monthly range accrual notes due Aug. 31, 2032 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 7% annualized for each day that the index closes at or above 75% coupon barrier, payable monthly.
The notes will be callable at par on any interest payment date after one year.
The payout at maturity will be par unless the index falls by more than 50%, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable monthly range accrual notes
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| Underlying index: | S&P 500
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| Amount: | $150,000
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| Maturity: | Aug. 31, 2032
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| Coupon: | 7% annualized for each day that each index closes at or above 75% coupon barrier, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless index falls by more than 50%, in which case full exposure to any losses
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| Call option: | At par plus interest on any interest payment date beginning in August 2018
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| Initial level: | 2,446.30
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| Coupon barrier: | 1,834.725, 75% of initial level
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| Pricing date: | Aug. 29
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| Settlement date: | Aug. 31
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| Agent: | Goldman Sachs & Co.
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| Fees: | 4.55%
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| Cusip: | 40054LNG5
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