By Sarah Lizee
Olympia, Wash., Feb. 27 – GS Finance Corp. priced $916,000 of autocallable contingent coupon notes due March 5, 2029 linked to 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 of 5% per annum if each index closes at or above its 65% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date from February 2020 to November 2028.
If each index finishes at or above the 65% trigger level, the payout will be par plus the final contingent coupon.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $916,000
|
| Maturity: | March 5, 2029
|
| Contingent coupon: | 5% annualized, payable quarterly if each index closes at or above 65% coupon trigger level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above 65% trigger level, par plus contingent coupon; otherwise, 1% loss for each 1% decline of lesser-performing index
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly call observation date from February 2020 to November 2028
|
| Initial index levels: | 2,796.11 for S&P 500 and 1,588.805 for Russell 2000
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.95%
|
| Cusip: | 40056EVH8
|
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