By Sarah Lizee
Olympia, Wash., April 6 – GS Finance Corp. priced $1.59 million of callable contingent coupon notes due March 31, 2025 linked to the MSCI EAFE index, MSCI Emerging Markets index and S&P 500 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 monthly coupon of 14% per annum if each index closes at or above its 70% coupon trigger level on the observation date for that month.
The notes will be callable at par on any monthly call date after six months.
The payout at maturity will be par unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing index.
Goldman Sachs & Co. LLC 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: | MSCI EAFE index, MSCI Emerging Markets index and S&P 500 index
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| Amount: | $1.59 million
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| Maturity: | March 31, 2025
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| Contingent coupon: | 14% annualized, payable monthly if each index closes at or above coupon trigger level on observation date for that month
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing index
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| Call option: | At par on any monthly call date after six months
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| Initial index levels: | 1,561.60 for MSCI EAFE, 851.28 for MSCI Emerging Markets and 2,630.07 for S&P
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| Coupon trigger levels: | 70% of initial levels
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| Barrier levels: | 60% of initial levels
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| Pricing date: | March 26
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| Settlement date: | March 31
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.1%
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| Cusip: | 40056YWW0
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