By Wendy Van Sickle
Columbus, Ohio, April 4 – GS Finance Corp. priced $5.06 million of callable range accrual notes due March 31, 2027 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The coupon will be payable monthly at an annual rate of 4.25% for each day the index closes at or above its 75% barrier level.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date after one year.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group Inc.
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| Issue: | Callable range accrual notes
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| Underlying index: | Russell 2000
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| Amount: | $5,063,000
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| Maturity: | March 31, 2027
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| Coupon: | Payable monthly at annual rate of 4.25% for each day the index closes at or above its 75% barrier level
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| Price: | Par
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| Call: | At par on any interest payment date after one year
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| Payout at maturity: | Par
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| Initial index level: | 1,371.645
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| Barrier level: | 1,028.73375, 75% of its initial level
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| Pricing date: | March 29
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| Settlement date: | March 31
|
| Agents: | Goldman Sachs & Co.
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| Fees: | 3.82%
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| Cusip: | 40054KY26
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