By Wendy Van Sickle
Columbus, Ohio, Jan. 26 – GS Finance Corp. priced $1.2 million of callable contingent coupon index-linked notes due Jan. 26, 2024 tied to the Nasdaq-100 index, the S&P 500 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 annual rate of 5.8% if each index closes at or above the coupon trigger level, 80% of the initial level, on the valuation date for that period.
The notes may be called at par plus any coupon due on any quarterly call observation date after six months.
If the notes have not been called and each index finishes at or above its 60% trigger buffer level, the payout at maturity will be par plus the final coupon, if any.
Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 40%.
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: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
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| Amount: | $1.2 million
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| Maturity: | Jan. 26, 2024
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| Coupon: | 5.8% annualized rate, payable quarterly if each index closes at or above coupon trigger level on valuation date for that period
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above trigger buffer level, par plus final coupon, if any; otherwise, full exposure to decline of worst performer beyond 40%
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| Call: | At par plus any coupon due on any quarterly call observation date after six months
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| Initial index levels: | 4,019.81 for S&P, 1,890.767 for Russell, 11,872.54 for Nasdaq
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| Coupon trigger levels: | 80% of initial levels
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| Trigger buffer levels: | 60% of initial levels
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 26
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.4%
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| Cusip: | 40057PGW6
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