By Wendy Van Sickle
Columbus, Ohio, April 29 – GS Finance Corp. priced $3.4 million of callable buffered monthly range accrual notes due Oct. 30, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at an annualized rate of 5.5% 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.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Callable buffered monthly range accrual notes
|
Underlying index: | S&P 500
|
Amount: | $3.4 million
|
Maturity: | Oct. 30, 2026
|
Coupon: | 5.5% annualized for each day that each index closes at or above 80% coupon barrier, payable monthly
|
Price: | Par
|
Payout at maturity: | Par plus any interest
|
Call option: | At par plus interest on any interest payment date beginning April 30, 2020
|
Initial level: | 2,926.17
|
Coupon barrier: | 2,340.936, 80% of initial level
|
Pricing date: | April 25
|
Settlement date: | April 30
|
Agent: | Goldman Sachs & Co.
|
Fees: | 4.4%
|
Cusip: | 40056FAW5
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.