By Susanna Moon
Chicago, Sept. 28 – GS Finance Corp. priced $122,000 of contingent coupon notes due Sept. 29, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 6.1% if the index closes at or above its 70% coupon barrier on review date for that quarter.
The payout at maturity will be par unless the index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses.
Goldman Sachs Group, Inc. is the guarantor.
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: | Contingent coupon notes
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| Underlying asset: | Russell 2000 index
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| Amount: | $122,000
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| Maturity: | Sept. 29, 2023
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| Coupon: | 6.1% annualized payable quarterly if index closes at or above 70% coupon barrier on review date that quarter
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| Price: | Par
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| Payout at maturity: | Par unless index finishes below 70% trigger, in which case 1% loss for each 1% decline
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| Initial level: | 1,450.781
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| Trigger level: | 70% of initial level
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.375%
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| Cusip: | 40054LQH0
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