By Susanna Moon
Chicago, Dec. 5 – GS Finance Corp. priced $513,000 of callable contingent coupon notes due Dec. 13, 2027 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 7.25% if each index closes at or above its 75% coupon barrier on the review date for that month.
The notes are callable at par on any monthly valuation date after six months.
The payout at maturity will be par unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Callable contingent coupon notes
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| Underlying assets: | Russell 2000 index, S&P 500 index
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| Amount: | $513,000
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| Maturity: | Dec. 13, 2027
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| Coupon: | 7.25% annualized, payable monthly if each index closes at or above 75% coupon barrier on review date for that month
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| Price: | Par
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| Call option: | At par on any monthly valuation date beginning in June
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| Payout at maturity: | Par unless either index finishes below 50% trigger, in which case 1% loss for each 1% decline of worse performing index
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| Initial index levels: | 1,521.724 for Russell, 2,651.50 for S&P
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| Coupon barriers: | 75% of initial levels
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| Trigger levels: | 50% of initial levels
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.7%
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| Cusip: | 40055A5R4
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