By Wendy Van Sickle
Columbus, Ohio, April 15 – GS Finance Corp. priced $17.98 million of 9.17% trigger callable yield notes due July 15, 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.
Interest is payable monthly.
The notes will be callable at par of $10 plus the coupon on any monthly payment date after six months.
The payout at maturity will be par if each index finishes at or above the 65% downside threshold.
Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger callable yield notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $17,976,420
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Maturity: | July 15, 2025
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Coupon: | 9.17%, payable monthly
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Price: | Par of $10
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Payout at maturity: | If each index finishes at or above downside threshold, par; otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level
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Call option: | At par plus coupon on any monthly payment date after six months
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Initial levels: | 5,160.64 for S&P, 2,028.389 for Russell
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Downside thresholds: | 65% of initial levels
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Pricing date: | April 10
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Settlement date: | April 15
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Agents: | UBS Financial Services Inc. and Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 36267H807
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