By Wendy Van Sickle
Columbus, Ohio, June 26 – GS Finance Corp. priced $571,000 of callable contingent coupon notes due June 26, 2024 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at a rate of 6.5% per year if each index closes at or above 60% of its initial level on the observation date for that period.
The notes are callable at par on any coupon payment date.
The payout at maturity will be par plus the coupon, unless either index finishes below 60% of its initial level, in which case investors will be fully exposed to the loss of the lesser performing index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underlying indexes: | Russell 2000 and Nasdaq-100
|
| Amount: | $571,000
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| Maturity: | June 26, 2024
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| Coupon: | 6.5% per year; payable each quarter that each index closes at or above 60% of its initial level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon, unless either index finishes below 60% of initial level, in which case full exposure to loss of lesser performing index
|
| Call option: | At par on any coupon payment date
|
| Initial levels: | 1,549.628 for Russell and 7,728.782 for Nasdaq
|
| Pricing date: | June 21
|
| Settlement date: | June 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.225%
|
| Cusip: | 40056FPT6
|
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