Goldman plans buffered monthly range accrual callables on S&P 500

By Susanna Moon

Chicago, Nov. 27 – GS Finance Corp. plans to price callable monthly range accrual notes due May 30, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at an annualized rate of 6.3% for each day that the index closes at or above the coupon barrier level, 80% of the initial index level. Interest will be payable monthly.

The notes are 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 20%, in which case investors will be exposed to any losses beyond the buffer.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

The notes will price on Nov. 28.

The Cusip number is 40056EF78.

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