New Issue: Goldman sells $914,000 6.5% contingent coupon callables on S&P, Russell

By Susanna Moon

Chicago, July 5 – GS Finance Corp. priced $914,000 of callable contingent coupon notes due June 29, 2028 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 quarterly coupon at an annual rate of 6.5% if each index closes at or above its 55% coupon barrier on the observation date for that quarter.

The notes are callable at par on any review date after one year.

The payout at maturity will be par unless either index closes below its 55% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable contingent coupon notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$914,000
Maturity:	June 29, 2028
Coupon:	6.5% annualized, payable quarterly if each index closes at or above 55% coupon barrier on review date for that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above 55% trigger level, par; otherwise, 1% loss for each 1% decline of worst performing index
Call option:	At par on any quarterly call review date from June 2019 through March 2028
Initial levels:	2,699.63 for S&P, 1,640.454 for Russell
Trigger levels:	55% of initial levels
Pricing date:	June 27
Settlement date:	June 29
Agent:	Goldman Sachs & Co. LLC
Fees:	4.86%
Cusip:	40055QDB5

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