By Wendy Van Sickle
Columbus, Ohio, July 12 – GS Finance Corp. priced $2.88 million of callable contingent coupon underlier-linked notes due July 12, 2029 linked to the S&P 500 index and the SPDR S&P Regional Banking ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be an annualized coupon of 6.7% if each underlier closes above its coupon barrier, 80% of its initial level, on a monthly observation date.
The notes will be callable at par on any monthly observation date after one year.
The payout at maturity will be par plus any final coupon.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon underlier-linked notes
|
| Underlying assets: | S&P 500 index and SPDR S&P Regional Banking ETF
|
| Amount: | $2,879,000
|
| Maturity: | July 12, 2029
|
| Coupon: | 6.7%, payable monthly if each asset closes above coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon, if any
|
| Call option: | At par on any monthly observation date after one year
|
| Initial levels: | 3,902.62 for index, $59.45 for fund
|
| Coupon barrier: | 80% of initial levels
|
| Pricing date: | July 7
|
| Settlement date: | July 12
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4%
|
| Cusip: | 40057MJR1
|
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