By Wendy Van Sickle
Columbus, Ohio, March 29 – GS Finance Corp. priced $1.64 million of callable contingent coupon notes due Oct. 3, 2025 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the notes pay a contingent coupon at an annual rate of 6.4% if each index closes at or above 80% of its initial level on the determination date.
The notes will be callable at par on any observation date after one year.
The payout at maturity will be par plus the final coupon, unless either index closes below 80% of its initial level, in which case investors will be exposed to the decline of the lesser performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon notes
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| Underlying indexes: | Euro Stoxx 50 and S&P 500
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| Amount: | $1.64 million
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| Maturity: | Oct. 3, 2025
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| Coupon: | 6.4%, payable each month that each index closes at or above 80% of initial level on determination date
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| Price: | Par
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| Payout at maturity: | Par plus final coupon, unless either index closes below 80% trigger level, in which case exposure to loss of lesser performing index
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| Call option: | At par on any observation date after one year
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| Initial index levels: | 2,658.255 for S&P and 3,278.72 for Stoxx
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| Pricing date: | March 23
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| Settlement date: | March 28
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 4.9%
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| Cusip: | 40055AT49
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