By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – GS Finance Corp. priced $5.16 million of callable contingent coupon index-linked notes due Dec. 23, 2025 tied to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 6.6% if each index closes above its 70% coupon barrier on the related observation date.
The notes will be callable at par on any quarterly observation date after six months.
The payout at maturity will be par if all the indexes finish above the 60% trigger buffer level.
Otherwise, investors will be fully exposed to the losses of the worst performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
|
| Amount: | $1,157,000
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| Maturity: | Dec. 23, 2025
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| Coupon: | 6.6%, payable quarterly if each index closes above its coupon barrier on the related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if all indexes finish above the trigger buffer level; otherwise, full exposure to the losses of the worst performing index
|
| Call option: | At par plus contingent coupon on any quarterly call observation date after six months
|
| Initial index levels: | 12,738.18 for Nasdaq, 1,969.986 for Russell and 3,709.41 for S&P
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| Coupon trigger levels: | 70% of initial levels
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| Trigger buffer levels: | 60% of initial levels
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| Pricing date: | Dec. 18
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| Settlement date: | Dec. 23
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.07%
|
| Cusip: | 40057EV95
|
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