Chicago, Jan. 29 – GS Finance Corp. priced $3.96 million of callable contingent coupon index-linked notes due Jan. 25, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.55%, paid semiannually, if the underlying index closes at or above its 70% coupon trigger level on the related semiannual observation date.
The securities may be called at par semiannually.
If the index gains or ends above its 70% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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 contingent coupon index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $3,955,000
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Maturity: | Jan. 25, 2027
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Coupon: | 7.55% annual rate, paid semiannually, if the underlying index closes at or above its 70% coupon trigger level on the related semiannual observation date
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Price: | Par
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Payout at maturity: | Par if index finishes at or above the trigger buffer level; otherwise, 1% loss for every 1% that index declines
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Call: | At par on any semiannual coupon payment date
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Initial level: | 4,839.81
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Trigger buffer level: | 70% of initial level
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Coupon trigger level: | 70% of initial level
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0%
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Cusip: | 40057XP66
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