By Marisa Wong
Morgantown, W.Va., Feb. 8 – GS Finance Corp. priced $1.81 million of callable contingent coupon notes due Feb. 6, 2024 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 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 a rate of 10.25% per year if each index closes at or above its coupon trigger level, 75% of its initial level, on the observation date for that month.
The notes will be callable in whole at par on any coupon payment date after six months.
If each index finishes at or above its trigger buffer level, 65% of its initial level, the payout at maturity will be par plus any coupon. Otherwise, investors will be fully exposed to the decline of the least-performing index.
Goldman Sachs & Co. 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 indexes: | Russell 2000 index, Euro Stoxx 50 index and S&P 500 index
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| Amount: | $1.81 million
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| Maturity: | Feb. 6, 2024
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| Contingent coupon: | 10.25% per year, payable each month that each index closes at or above its coupon trigger level on the observation date for that month
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above trigger buffer level, par plus any coupon; otherwise, full exposure to losses of least-performing index
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| Call option: | At par on any coupon payment date after six months
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| Initial levels: | 1,502.054 for Russell, 3,171.12 for Stoxx and 2,706.53 for S&P
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| Coupon trigger level: | 75% of initial level
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| Trigger buffer level: | 65% of initial level
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| Pricing date: | Feb. 1
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| Settlement date: | Feb. 6
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.85%
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| Cusip: | 40056EVF2
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