By Sarah Lizee
Olympia, Wash., Sept. 6 – GS Finance Corp. priced $326,000 of callable contingent coupon notes due Sept. 4, 2029 linked to 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 quarter, the notes pay a contingent coupon if each index closes at or above 75% of its initial level on the observation date for that period. The coupon rate will be 8.15% per year for the first 20 coupon payment dates and 10% per year onwards.
The notes are callable at par on any coupon payment date after six months.
If the notes are not redeemed, the payout at maturity will be par plus any coupon unless any index finishes below 60% of its initial level, in which case investors will be exposed to the loss of the least 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 index, Euro Stoxx 50 index and S&P 500 index
|
| Amount: | $326,000
|
| Maturity: | Sept. 4, 2029
|
| Coupon: | Each quarter, notes pay a contingent coupon if each index closes at or above 75% of its initial level on the observation date for that period; coupon rate will be 8.15% per year for the first 20 coupon payment dates and 10% per year onwards
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon unless any index finishes below 60% of initial level, in which case exposure to loss of least performing index
|
| Call option: | At par on any coupon payment date after six months
|
| Initial index levels: | 2,887.94 for S&P, 3,365.68 for Stoxx and 1,472.713 for Russell
|
| Pricing date: | Aug. 28
|
| Settlement date: | Aug. 30
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.42%
|
| Cusip: | 40056FYP4
|
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