New Issue: GS Finance prices $6.17 million contingent income callable notes linked to indexes

By Sarah Lizee

Olympia, Wash., July 10 – GS Finance Corp. priced $6.17 million of contingent income callable securities due July 6, 2022 linked to the least performing of 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.

Each quarter, the notes pay a contingent coupon at the rate of 14.25% per year if each index closes at or above its coupon barrier, 70% of its initial level, on the coupon observation date that quarter.

The notes are callable at par plus the coupon, if any, on any quarterly coupon payment date other than the final one.

If each index finishes at or above its downside threshold level, 70% of its initial level, the payout at maturity will be par plus the coupon. Otherwise, investors will be fully exposed to decline of the least-performing index from its initial level.

The notes are guaranteed by Goldman Sachs Group Inc.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is the dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group Inc.
Issue:	Contingent income callable securities
Underlying indexes:	Nasdaq-100, S&P 500 and Russell 2000
Amount:	$6,174,000
Maturity:	July 6, 2022
Coupon:	14.25% per year, payable quarterly if each index closes at or above coupon barrier level on coupon observation date that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold level, par plus coupon, if any; otherwise, full exposure to least-performing index’s decline from initial level
Call option:	Callable at par plus coupon on any quarterly coupon payment date except final one
Initial levels:	3,100.29 for S&P, 1,441.365 for Russell and 10,156.85 for Nasdaq
Coupon barriers:	2,170.203 for S&P, 1,008.9555 for Russell and 7,109.795 for Nasdaq; 70% of initial levels
Downside thresholds:	2,170.203 for S&P, 1,008.9555 for Russell and 7,109.795 for Nasdaq; 70% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Underwriter:	Goldman Sachs & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.175%
Cusip:	40057CCF6

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