Goldman plans callable quarterly range accrual notes tied to S&P 500

By Susanna Moon

Chicago, April 22 – GS Finance Corp. plans to price callable quarterly range accrual notes due April 28, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Interest will accrue at an annualized rate for each day that the index closes at or above the coupon barrier level, 75% of the initial index level, and Libor is 5% or less. The rate will be 4% for the first 20 quarterly interest payment dates, 5% for the next 12 quarterly interest payment dates and 6% for the final eight quarterly interest payment dates. Interest will be payable quarterly.

The notes will be callable at par on any interest payment date after one year.

The payout at maturity will be par.

Goldman, Sachs & Co. is the agent.

The notes will price on April 25 and settle on April 28.

The Cusip number is 40054KB21.

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