By Susanna Moon
Chicago, March 28 - Goldman Sachs Group, Inc. priced $3.06 million of callable monthly Russell 2000 index-linked range accrual notes due March 28, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 8% for each day that the index closes at or above the 75% coupon barrier level. Interest is payable monthly.
The payout at maturity will be par if the index falls by up to 40%.
Otherwise, investors will be fully exposed to any losses.
The notes will be callable at par on any interest payment date beginning June 28.
Goldman Sachs & Co. is the underwriter.
Issuer: | 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: | $3,057,000
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Maturity: | March 28, 2029
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Coupon: | 8% annualized per day that index closes at or above coupon barrier level
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Price: | Par
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Payout at maturity: | Par if falls by up to 40%; otherwise, full exposure to any losses
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Call option: | At par on any interest payment date beginning June 28
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Initial level: | 1,178.0498
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Coupon barrier level: | 883.53735, 75% of initial level
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Trigger level: | 60% of initial index level
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Pricing date: | March 25
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Settlement date: | March 28
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.55%
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Cusip: | 38147QVK9
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