By Wendy Van Sickle
Columbus, Ohio, April 4 – GS Finance Corp. priced $369,000 of callable buffered monthly range accrual notes due March 29, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annualized rate of 5.15% 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 after one year.
If the notes are not called, the payout at maturity will be par plus any interest 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 buffered monthly range accrual notes
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Underlying index: | Russell 2000
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Amount: | $369,000
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Maturity: | March 29, 2026
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Coupon: | 5.15% 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 interest
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Call option: | At par plus interest on any interest payment date beginning March 29, 2020
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Initial level: | 1,522.231
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Coupon barrier: | 1,217.7848, 80% of initial level
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Pricing date: | March 27
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Settlement date: | March 29
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Agent: | Goldman Sachs & Co.
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Fees: | 4.26%
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Cusip: | 40056F2D6
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