Chicago, Feb. 9 – GS Finance Corp. sold $7.36 million of contingent income callable securities due April 21, 2031 linked to the performance of 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.
The notes will pay a contingent quarterly coupon at an annual rate of 5.2% if the index closes at or above the 75% coupon threshold on the related quarterly determination date.
At the issuer’s option, the notes will be callable at par plus any coupon otherwise due on any quarterly review date after nine months.
If the index finishes at or above the downside threshold, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for each 1% decline from its initial level.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Contingent income callable securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $7,362,000
|
| Maturity: | April 21, 2031
|
| Coupon: | 5.2% per year, payable quarterly if the index closes at or above coupon threshold on the relevant observation date
|
| Level: | Par
|
| Payout at maturity: | If the index finishes at or above downside threshold, par plus coupon; otherwise, full exposure to decline from initial level
|
| Call: | At par plus any coupon due on any quarterly review date after nine months
|
| Initial share level: | 4,185.47
|
| Coupon threshold level: | 3,139.1025; 75% of initial levels
|
| Downside threshold: | 3,139.1025; 75% of initial levels
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 40057FZB3
|
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