By Susanna Moon
Chicago, June 7 – GS Finance Corp. priced $2.74 million of callable monthly range accrual notes due May 31, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 5% annualized for each day that the index closes at or above the coupon barrier level, 75% 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.
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: | $2,735,000
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| Maturity: | May 31, 2028
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| Coupon: | 5% annualized for each day that each index closes at or above coupon barrier, payable monthly
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| Price: | Par
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| Payout at maturity: | Par
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| Call option: | At par plus interest on any interest payment date beginning May 31, 2019
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| Initial level: | 1,623.649
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| Coupon barrier: | 1,217.73675, 75% of initial level
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| Pricing date: | May 29
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| Settlement date: | May 31
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| Agent: | Goldman Sachs & Co.
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| Fees: | 4%
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| Cusip: | 40055AZB6
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