By Wendy Van Sickle
Columbus, Ohio, April 4 – GS Finance Corp. priced $608,000 of callable monthly range accrual notes due March 29, 2029 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 4.75% annualized for each day that the index closes at or above 75% coupon barrier, payable monthly.
The notes will be callable at par on any interest payment date beginning March 29, 2020.
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.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable monthly range accrual notes
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| Underlying index: | Nasadq-100
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| Amount: | $608,000
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| Maturity: | March 29, 2029
|
| Coupon: | 4.75% annualized for each day that each index closes at or above 75% coupon barrier, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon due
|
| Call option: | At par plus interest on any interest payment date beginning March 29, 2020
|
| Initial level: | 7,308.193
|
| Coupon barrier: | 5,481.14475, 75% of initial level
|
| Pricing date: | March 27
|
| Settlement date: | March 29
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 3.7%
|
| Cusip: | 40056F3D5
|
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