By Kiku Steinfeld
Chicago, Dec. 7 – GS Finance Corp. priced $100,000 of callable contingent coupon notes due Aug. 31, 2026 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at a rate of 6.15% per year if each index closes at or above 80% of its initial level on the observation date for that period.
The notes are callable at par on any quarterly coupon payment date after one year.
The payout at maturity will be par plus the coupon, unless either index finishes below 80% of its initial level, in which case investors will be fully exposed to the loss of the lesser performing index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon notes
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| Underlying indexes: | Russell 2000 and Nasdaq-100
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| Amount: | $100,000
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| Maturity: | Aug. 31, 2026
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| Coupon: | 6.15% per year; payable each quarter that each index closes at or above 80% of its initial level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon, unless either index finishes below 80% of initial level, in which case full exposure to loss of lesser performing index
|
| Call option: | At par on any quarterly coupon payment date after one year
|
| Initial levels: | 2,327.855 for Russell and 16,306.72 for Nasdaq
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| Barrier levels: | 80% of initial levels
|
| Pricing date: | Nov. 23
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| Settlement date: | Nov. 29
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.75%
|
| Cusip: | 40057JY26
|
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