Chicago, Dec. 4 – GS Finance Corp. priced $2.06 million of callable contingent coupon index-linked notes due March 31, 2026 linked to the least performing of the Russell 2000 index 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 at an annualized rate of 5% if each index closes at or above its 70% coupon buffer level on the determination date for that period.
The notes may be called at par plus any contingent coupon due at the issuer’s option on any quarterly coupon payment date.
If each index finishes at or above 70% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
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 index
|
| Amount: | $2,061,000
|
| Maturity: | March 31, 2026
|
| Coupon: | 5% per year, payable quarterly if each index closes at or above coupon buffer level on related determination date
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above 70% of its initial level, par; otherwise, 1% loss for every 1% decline of worst performer
|
| Call: | At par plus any contingent coupon at issuer’s option on any quarterly coupon payment date
|
| Initial index levels: | 3,974.54 for S&P, 2,221.482 for Russell
|
| Coupon buffer levels: | 70% of initial levels
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.4%
|
| Cusip: | 40057FL93
|
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