By Wendy Van Sickle
Columbus, Ohio, Dec. 8 – GS Finance Corp. priced $296,000 of callable contingent coupon notes due Dec. 1, 2025 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 of 4.5% per annum if each index closes at or above its 70% coupon trigger level on the determination date for that period.
The notes can be called at par plus the contingent coupon on any coupon payment date after one year.
The payout at maturity will be par unless any index closes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| 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: | S&P 500 and Russell 2000
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| Amount: | $296,000
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| Maturity: | Dec. 1, 2025
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| Contingent coupon: | 4.5% annualized, payable quarterly if each index closes at or above 70% coupon trigger level on the determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
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| Call option: | Callable at par plus any coupon on any coupon payment date after one year
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| Initial index levels: | 3,635.41 for S&P, 1,853.532 for Russell
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| Coupon trigger levels: | 70% of initial levels
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| Trigger levels: | 70% of initial levels
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.37%
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| Cusip: | 40057EL39
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