New Issue: GS Finance sells $25.83 million trigger callable contingent yield notes linked to indexes

By Wendy Van Sickle

Columbus, Ohio, Sept. 22 – GS Finance Corp. priced $25.83 million of trigger callable contingent yield notes due Sept. 21, 2022 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at a rate of 10.5% per year if each index closes at or above its coupon barrier, 70% of its initial level, on every day during that quarter.

The notes are callable at par of $10 plus any coupon due on any quarterly coupon payment date.

If the notes are not called and each index finishes at or above its downside threshold, 55% of its initial level, the payout at maturity will be par plus any final coupon due. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

The notes are guaranteed by Goldman Sachs Group Inc.

Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is the selling agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group Inc.
Issue:	Trigger callable contingent yield notes
Underlying indexes:	S&P 500, Russell 2000 and Nasdaq-100
Amount:	$25,832,800
Maturity:	Sept. 21, 2022
Coupon:	10.5% per year, payable for each quarter that each index closes at or above its coupon barrier on each day that quarter
Price:	Par of $10
Payout at maturity:	If each index finishes at or above downside threshold, par plus any coupon due; otherwise, 1% loss for every 1% that least-performing index’s final level is below initial level
Call option:	At par plus any coupon due on each quarterly observation date
Initial levels:	3,357.01 for S&P, 1,542.598 for Russell, 11,080.95 for Nasdaq
Coupon barriers:	2,349.907 for S&P, 1,079.819 for Russell and 7,756.665 for Nasdaq; 70% of initial levels
Downside thresholds:	1,846.356 for S&P, 848.429 for Russell and 6,094.523 for Nasdaq; 55% of initial levels
Pricing date:	Sept. 17
Settlement date:	Sept. 22
Underwriter:	Goldman Sachs & Co. LLC
Selling agent:	UBS Financial Services Inc.
Fees:	1.4%
Cusip:	36259L709

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