By Susanna Moon
Chicago, April 27 – GS Finance Corp. priced $1.43 million of 4.55% callable fixed coupon notes due April 27, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any contingent coupon payment date after one year.
The payout at maturity will be par unless the index falls by more than 15%, in which case investors will be exposed to any losses beyond 15%.
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 fixed coupon notes
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| Underlying index: | Russell 2000
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| Amount: | $1,433,000
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| Maturity: | April 27, 2022
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| Coupon: | 4.55% per year, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless index falls by more than 15%, in which case exposure to losses beyond 15%
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| Call option: | At par on any interest payment date from April 2018 through January 2022
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| Initial levels: | 1,397.942
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| Pricing date: | April 24
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| Settlement date: | April 27
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| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 3.6%
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| Cusip: | 40054L5K6
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