By Wendy Van Sickle
Columbus, Ohio, March 31 – GS Finance Corp. priced $600,000 of callable contingent coupon index-linked notes due March 26, 2030 linked to the Euro Stoxx Banks index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annualized rate of 7.25% if each index closes at or above its 50% coupon trigger level on the determination date for that period.
The notes may be called at par plus any contingent coupon due on any coupon payment date after one year.
If the notes are not called, the payout will be par plus the final coupon, if any.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon index-linked notes
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Underlying indexes: | Euro Stoxx Banks, Russell 2000
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Amount: | $600,000
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Maturity: | March 26, 2030
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Contingent coupon: | 7.25% per year, payable quarterly if each index closes at or above coupon trigger level on determination date for period
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Price: | Par
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Payout at maturity: | Par plus any final coupon
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Call option: | At par plus any contingent coupon due on any coupon payment date after one year
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Initial index levels: | 1,002.417 for Russell, 52.47 for Stoxx
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Coupon trigger levels: | 50% of initial levels
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Pricing date: | March 23
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Settlement date: | March 25
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.65%
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Cusip: | 40056YVY7
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