By Kiku Steinfeld
Chicago, July 6 – GS Finance Corp. priced $2.75 million of callable contingent coupon index-linked notes due July 1, 2030 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 monthly coupon at an annualized rate of 4% if each index closes at or above its 82.5% 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 after six months.
If the notes are not called, the payout will be par plus any final coupon due if each index finishes at or above 82.5% of its initial level. Otherwise, investors will lose 1% for every 1% decline of the worse performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon index-linked notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $2,749,000
|
| Maturity: | July 1, 2030
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| Contingent coupon: | 4% per year, payable monthly 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 if each index finishes at or above its trigger level; otherwise, 1% loss for every 1% decline of the worse performing index
|
| Call option: | At par plus any contingent coupon due on any coupon payment date after six months
|
| Initial index levels: | 1,413.315 for Russell, 3,083.76 for S&P
|
| Coupon trigger/trigger levels: | 82.5% of initial levels
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.46%
|
| Cusip: | 40057C5Q0
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