By Angela McDaniels
Tacoma, Wash., Jan. 10 – GS Finance Corp. priced $1.8 million of 5.3% callable fixed-coupon notes due Jan. 11, 2022 linked to the Russell 2000 index and 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.
Interest is payable quarterly.
Beginning in July 2019, the notes are callable at par on any interest payment date.
If the return of each index is greater than or equal to negative 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
Goldman Sachs & Co. LLC is the underwriter. J.P. Morgan Securities LLC is agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed-coupon notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $1.8 million
|
| Maturity: | Jan. 11, 2022
|
| Coupon: | 5.3%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | If return of each index is greater than or equal to negative 15%, par; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 15%
|
| Call option: | At par on any interest payment date from July 2019 onward
|
| Initial index levels: | 1,426.552 for Russell 2000 and 2,574.41 for S&P 500
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| Pricing date: | Jan. 8
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| Settlement date: | Jan. 11
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 40056ESW9
|
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