By Wendy Van Sickle
Columbus, Ohio, Jan. 30 – GS Finance Corp. priced $590,000 3.7% callable fixed-coupon notes due Jan. 29, 2025 linked to the lesser performing of the S&P 500 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.
Interest is payable quarterly.
The notes will be callable at par plus any coupon on any coupon payment date after one year.
If the notes are not subject to an automatic call, the payout at maturity will be par unless either index finishes below its initial level and either index ever closes below 85% of its initial level, in which case investors will be exposed to the loss of the least performing index beyond the buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed-coupon notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $590,000
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| Maturity: | Jan. 29, 2025
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| Coupon: | 3.7%, payable quarterly
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| Price: | Par
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| Call option: | At par plus any coupon on any coupon payment date after one year
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| Payout at maturity: | Par unless either index finishes below its initial level and either index ever closes below 85% of its initial level, in which case investors will be exposed to the loss of the least performing index beyond the buffer
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| Initial levels: | 3,295.47 for S&P and 1,662.232 for Russell
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| Buffer levels: | 85% of initial levels
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.35%
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| Cusip: | 40056YBN3
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