By Sarah Lizee
Olympia, Wash., March 5 – GS Finance Corp. priced $8.55 million of callable contingent coupon notes due Feb. 28, 2030 linked to the Russell 2000 index, the Dow Jones industrial average and the 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 quarterly coupon of 4% per annum if each index closes at or above its 80% coupon trigger level on the observation date for that quarter.
The notes will be callable at par on any quarterly call date after six months.
The payout at maturity will be par plus any coupon.
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: | Russell 2000 index, Dow Jones industrial average and S&P 500 index,
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| Amount: | $8.55 million
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| Maturity: | Feb. 28, 2030
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| Contingent coupon: | 4% annualized, payable quarterly if each index closes at or above coupon trigger level on observation date for that quarter
|
| Price: | Par
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| Payout at maturity: | Par plus any coupon
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| Call option: | At par plus any contingent coupon on any quarterly call date after six months
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| Initial index levels: | 1,571.897 for Russell, 3,128.21 for S&P and 27,081.36 for Dow
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| Coupon barriers: | 80% of initial levels
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| Pricing date: | Feb. 25
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| Settlement date: | Feb. 28
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 3.2%
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| Cusip: | 40056YHG2
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