New Issue: Goldman prices $5.09 million callable CMS spread range accrual notes tied to indexes

By Wendy Van Sickle

Columbus, Ohio, Aug. 10 – GS Finance Corp. priced $5.09 million of callable CMS spread and index-linked range accrual notes due Aug. 3, 2032 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be fixed at 6% for the first year, payable quarterly. After that, it will accrue at six times the spread of the 30-year Constant Maturity Swap rate over the two-year CMS rate for each day that the index closes at or above the 70% coupon barrier, up to a maximum rate of 12%. Interest will be payable quarterly and cannot be less than zero.

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. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable CMS spread and index-linked range accrual notes
Underlying index:	S&P 500
Amount:	$5,092,000
Maturity:	Aug. 3, 2032
Coupon:	6% initially; after one year, six times spread of 30-year CMS rate over the two-year CMS rate for each day that index closes at or above 70% coupon barrier, capped at 12%, payable quarterly
Price:	Par
Payout at maturity:	Par
Call option:	At par on any interest payment date beginning Aug. 3, 2018
Initial level:	2,470.30 for S&P
Trigger level:	1,729.21, 70% of initial levels
Pricing date:	July 31
Settlement date:	Aug. 3
Underwriter:	Goldman Sachs & Co.
Fees:	4.05%
Cusip:	40054LLP7

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