By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – GS Finance Corp. priced $2.28 million of callable monthly range accrual notes due Sept. 19, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 8.65% annualized for each day that the index closes at or above 80% coupon barrier, payable monthly.
The notes will be callable at par on any interest payment date beginning March 12, 2019.
The payout at maturity will be par plus any coupon payment owed.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable monthly range accrual notes
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Underlying index: | Euro Stoxx 50
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Amount: | $2,275,000
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Maturity: | Sept. 19, 2028
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Coupon: | 8.65% annualized for each day that each index closes at or above 80% coupon barrier, payable monthly
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Price: | Par
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Payout at maturity: | Par plus any coupon due
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Call option: | At par plus interest on any interest payment date beginning March 12, 2019
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Initial level: | 3,344.63
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Coupon barrier: | 2,675.704, 80% of initial level
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Pricing date: | Sept. 14
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Settlement date: | Sept. 19
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Agent: | Goldman Sachs & Co.
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Fees: | 0.45%
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Cusip: | 40055QYR7
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