By Wendy Van Sickle
Columbus, Ohio, Sept. 3 – GS Finance Corp. priced $2.35 million of callable contingent coupon notes due Aug. 30, 2029 linked to the S&P 500 index and the Russell 2000 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 at a rate of 4% per year if each index closes at or above 75% of its initial level on the observation date for that period.
The notes are callable at par on any coupon payment date after one year.
If the notes are not redeemed, the payout at maturity will be par.
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: | S&P 500, Russell 2000
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Amount: | $2.35 million
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Maturity: | Aug. 30, 2029
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Coupon: | 4% per year; payable each month that each index closes at or above 75% of its initial level on observation date for that period
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par on any coupon payment date after one year
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Initial index levels: | 1,456.039 for Russell, 2,869.16 for S&P
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Pricing date: | Aug. 23
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Settlement date: | Aug. 30
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.7%
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Cusip: | 40056FWV3
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