By Sarah Lizee
Olympia, Wash., May 8 – GS Finance Corp. priced $5.58 million of callable contingent coupon index-linked notes due May 7, 2026 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 at an annualized rate of 5.35% if each index closes at or above its 80% coupon trigger level on the determination date for that period.
The notes may be called at par plus any contingent coupon due on any coupon payment date starting in May 2021.
If the notes are not called, the payout will be par plus any final coupon due.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| 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, Russell 2000
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| Amount: | $5.58 million
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| Maturity: | May 7, 2026
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| Contingent coupon: | 5.35% per year, payable quarterly if each index closes at or above coupon trigger level on determination date for period
|
| Price: | Par
|
| Payout at maturity: | Par plus any final coupon
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| Call option: | At par plus any contingent coupon due on any coupon payment date beginning in May 2021
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| Initial levels: | 1,263.969 for Russell, 2,842.74 for S&P
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| Coupon trigger levels: | 80% of initial levels
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| Pricing date: | May 4
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| Settlement date: | May 7
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.725%
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| Cusip: | 40057EAT4
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