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GS Finance plans callable buffered monthly range accrual notes on Stoxx
By Tali Rackner
Minneapolis, June 23 – GS Finance Corp. plans to price callable buffered monthly range accrual notes due Dec. 29, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Interest will accrue at 6.1% annualized for each day that the index closes at or above the coupon barrier level, 80% of the initial index level. Interest will be payable monthly.
The notes will be callable, in whole but not in part, at par on any interest payment date beginning on June 29, 2018.
The payout at maturity will be par unless the index falls by more than the 20% buffer, in which case investors will lose 1% for each 1% decline beyond 20%.
Goldman Sachs & Co. is the agent.
The notes will price June 26 and settle on June 29.
The Cusip number is 40054LGL2.
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