Chicago, Nov. 21 – GS Finance Corp. priced $612,000 of autocallable contingent coupon index-linked notes due May 21, 2021 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index 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 9.05% per annum if each index closes at or above its 70% coupon trigger level on the review date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date beginning in May 2020 and ending in February 2021.
The payout at maturity will be par plus the final coupon, if any, unless any index finishes below its initial level and any index ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to the loss of the lesser-performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $612,000
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| Maturity: | May 21, 2021
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| Coupon: | 9.05% per year, payable each quarter that each index closes at or above its 70% coupon trigger level on the review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon, if any, unless any index finishes below its initial level and any index ever closes below its 70% trigger level during the life of the notes, in which case full exposure to loss of least-performing index
|
| Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date beginning in May 2020 and ending in February 2021
|
| Initial index levels: | 27,781.96 for Dow, 8,257.831 for Nasdaq and 1,588.794 for Russell
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| Coupon/trigger levels: | 70% of initial levels
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| Pricing date: | Nov. 14
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| Settlement date: | Nov. 19
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.77%
|
| Cusip: | 40056XLR5
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