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Goldman plans callable quarterly range accrual notes tied to S&P 500
By Susanna Moon
Chicago, March 13 – GS Finance Corp. plans to price callable quarterly range accrual notes due March 17, 2032 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annual rate of 6% for each day that the index closes at or above the coupon barrier, 75% of the initial level, and six-month Libor is 5% or less. Interest will be payable quarterly.
The notes will be callable at par on any interest payment date beginning March 17, 2018.
The payout at maturity will be par.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the underwriter.
The notes will price on March 14.
The Cusip number is 40054KZK5.
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