Chicago, May 28 – GS Finance Corp. priced $1.77 million of callable contingent coupon notes due Feb. 22, 2024 linked to the S&P 500 index, the Dow Jones industrial average 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.
The notes will pay a contingent quarterly coupon of 7% per annum if each index closes at or above its 60% coupon trigger level on the determination date for that quarter.
The notes may be called at par plus any contingent coupon on any coupon payment date beginning in August.
The payout at maturity will be par unless any index finishes below 50% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
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: | S&P 500, Dow Jones industrial average, Russell 2000
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| Amount: | $1.77 million
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| Maturity: | Feb. 22, 2024
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| Contingent coupon: | 7% annualized, payable quarterly if each index closes at or above 60% coupon trigger level on the determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below 50% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
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| Call: | At par plus any contingent coupon on any coupon payment date beginning in August at issuer’s option
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| Initial index levels: | 2,859.53 for S&P, 25,764 for Dow and 1,535.763 for Russell
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| Pricing date: | May 17
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| Settlement date: | May 22
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| Agent: | Goldman Sachs & Co.
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| Fees: | 1.24%
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| Cusip: | 40056FH32
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