By Marisa Wong
Madison, Wis., April 28 - Goldman Sachs Group, Inc. priced $656,000 of callable monthly Russell 2000 index-linked range accrual notes due April 29, 2029, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 7% for each day that the index closes at or above the 60% coupon barrier level. Interest is payable monthly.
The payout at maturity will be par unless the index falls by more than 40%, in which case investors will be fully exposed to any losses.
The notes will be callable at par on any interest payment date beginning July 29.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable monthly range accrual notes
|
| Underlying index: | Russell 2000
|
| Amount: | $656,000
|
| Maturity: | April 29, 2029
|
| Coupon: | 7% annualized per day that index closes at or above coupon barrier level
|
| Price: | Par
|
| Payout at maturity: | Par unless index falls by more than 40%, in which case full exposure to any losses
|
| Call option: | At par on any interest payment date beginning July 29
|
| Initial level: | 1,144.352
|
| Coupon barrier level: | 686.6112, 60% of initial level
|
| Trigger level: | 60% of initial index level
|
| Pricing date: | April 24
|
| Settlement date: | April 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.4%
|
| Cusip: | 38147Q3Q7
|
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