By Kiku Steinfeld
Chicago, Jan. 17 – GS Finance Corp. priced $7.27 million of autocallable contingent coupon notes due Dec. 3, 2029 linked to the Russell 2000 index, S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the notes pay a contingent coupon at an annual rate of 7% if each index closes at or above 75% of its initial level on the observation date that month.
The notes will be called at par if each index finishes at or above 105% of its initial level on any observation date after one year.
If each index finishes at or above 70%, the payout at maturity will be par plus the final coupon, if any.
Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Russell 2000, S&P 500 and Euro Stoxx 50
|
| Amount: | $7.27 million
|
| Maturity: | Dec. 3, 2029
|
| Coupon: | 7% per year, payable each month that each index closes at or above 75% of initial level on observation date that month
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above 70%, par plus final coupon, if any; otherwise, 1% loss for every 1% that lesser-performing index declines from initial level
|
| Call: | At par if each index finishes at or above 105% of initial level on any coupon payment date after one year
|
| Initial index levels: | 4,701.46 for S&P, 4,276.25 for Stoxx and 2,331.459 for Russell 2000
|
| Coupon triggers: | 75% of initial levels
|
| Trigger levels: | 70% of initial levels
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.89%
|
| Cusip: | 40057K5K5
|
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