By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – GS Finance Corp. priced $1.29 million of callable buffered monthly range accrual notes due Dec. 30, 2031 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 annual rate of 7.25% for each day that the index closes at or above the barrier level, 70% of the initial index level. Interest is payable monthly.
The payout at maturity will be par unless the index falls by more than 50%, in which case investors will lose 1% for each 1% decline beyond 50%.
The notes will be callable at par on any interest payment date after one year.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable buffered monthly range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,293,000
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| Maturity: | Dec. 30, 2031
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| Coupon: | 7.25% for each day that the index closes at or above the barrier level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless index falls by more than 50%, in which case 1% loss for every 1% that index declines beyond 50%
|
| Call option: | At par on any interest payment date after one year
|
| Initial index level: | 2,249.92
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| Barrier level: | 1,574.944, 70% of initial level
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| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 30
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.7%
|
| Cusip: | 40054KR99
|
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