By Sarah Lizee
Olympia, Wash., May 1 – GS Finance Corp. priced $1.69 million of callable contingent coupon notes due April 30, 2029 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.
Each month, the notes pay a contingent coupon if each index’s closing level is greater than or equal to 75% of its initial level on the observation date for that period. The contingent coupon rate will be 4.5% per year.
Beginning in April 2020, the notes are callable at par on any coupon payment date.
If the notes are not redeemed, the payout at maturity will be par plus the final coupon, if any.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $1,687,000
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Maturity: | April 30, 2029
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Coupon: | 4.5% per year; payable monthly if each index’s closing level is greater than or equal to 75% of initial level on observation date for that period
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Price: | Par
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Payout at maturity: | Par plus the final coupon, if any
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Call option: | Beginning in April 2020, at par on any coupon payment date
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Initial levels: | 2,939.88 for S&P and 1,591.816 for Russell
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Pricing date: | April 26
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Settlement date: | April 30
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.7%
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Cusip: | 40056F7J8
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