By Wendy Van Sickle
Columbus, Ohio, June 11 – GS Finance Corp. priced $2 million of callable monthly range accrual notes due June 5, 2030 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 5.7% annualized for each day that the index closes at or above 65% coupon barrier, payable monthly.
The notes will be callable at par on any interest payment date beginning July 5, 2021.
The payout at maturity will be par plus any coupon payment due unless the index finishes below 65% of its initial level, in which case investors will be fully exposed to the index loss.
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: | Russell 2000
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Amount: | $2 million
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Maturity: | June 5, 2030
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Coupon: | 5.7% annualized for each day that each index closes at or above 65% coupon barrier, payable monthly
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Price: | Par
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Payout at maturity: | Par plus any coupon due unless index finishes below 65% of initial level, in which case full exposure to loss
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Call option: | At par plus interest on any interest payment date beginning July 5, 2021
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Initial level: | 1,418.208
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Coupon barrier: | 65% of initial level
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Pricing date: | June 2
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Settlement date: | June 5
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Agent: | Goldman Sachs & Co.
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Fees: | 0.45%
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Cusip: | 40057C4K4
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