By Wendy Van Sickle
Columbus, Ohio, Dec. 13 – GS Finance Corp. priced $5.56 million of callable contingent coupon notes due Dec. 11, 2029 linked to the Energy Select Sector SPDR fund, the Financial Select Sector SPDR fund and the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at a rate of 4.8% per year if each fund closes at or above 75% of its initial level on the observation date for that period.
The notes are callable at par plus any coupon on any coupon payment date beginning in June 2020.
If the notes are not redeemed, the payout at maturity will be par plus any coupon due.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underlying funds: | Energy Select Sector SPDR fund, Financial Select Sector SPDR fund and Technology Select Sector SPDR fund
|
| Amount: | $5,557,000
|
| Maturity: | Dec. 11, 2029
|
| Coupon: | 4.8% per year; payable each quarter that each fund closes at or above 75% of its initial level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon due
|
| Call option: | At par plus any coupon on any coupon payment date beginning in June 2020
|
| Initial fund levels: | $59.72 for Energy, $30.36 for Financial, $87.76 for Technology
|
| Pricing date: | Dec. 6
|
| Settlement date: | Dec. 11
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.7%
|
| Cusip: | 40056XT97
|
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