Chicago, Oct. 12 – GS Finance Corp. priced $1.02 million of callable contingent coupon index-linked notes due Nov. 14, 2023 linked to the least performing of the S&P 500 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.
There is a contingent coupon, payable quarterly at an annual rate of 6.25%, if both indexes close above their 50% coupon trigger levels on the related observation date.
The notes are redeemable at par on any quarterly payment date.
If both indexes never close below their 50% trigger buffer level during the life of the notes, investors will receive par at maturity.
Alternatively, investors will receive par if both indexes finish above their initial levels.
Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon index-linked notes
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| Underlying indexes: | S&P 500 index, Nasdaq-100 index
|
| Amount: | $1,020,000
|
| Maturity: | Nov. 14, 2023
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| Coupon: | 6.25% annual rate, payable quarterly if both indexes close above coupon trigger levels on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if neither index closes below trigger buffer level during life of notes; par if both indexes close above initial levels; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
|
| Call: | At par on any quarterly payment date at option of issuer
|
| Initial levels: | 4,587.18 for S&P, 15,056.96 for Nasdaq
|
| Coupon trigger levels: | 50% of initial levels
|
| Trigger buffer levels: | 50% of initial levels
|
| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40057L4Y4
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