By Sarah Lizee
Olympia, Wash., Aug. 20 – GS Finance Corp. priced $410,000 of callable contingent coupon index-linked notes due May 19, 2021 linked to the least performing of the S&P 500 Value index, Russell 2000 Value index and Nasdaq-100 Technology Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annualized rate of 15% if each index closes at or above its 70% coupon trigger level on the determination date for that period.
The notes may be called at par plus any contingent coupon due at the issuer’s option on any coupon payment date.
If each index finishes above its trigger level, 65% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least-performing index.
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 indexes: | S&P 500 Value index, Russell 2000 Value index and Nasdaq-100 Technology Sector index
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| Amount: | $410,000
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| Maturity: | May 19, 2021
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| Contingent coupon: | 15% per year, payable quarterly if each index closes at or above coupon trigger level on quarterly determination date
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| Price: | Par
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| Payout at maturity: | If each index finishes above trigger level, par; otherwise, full exposure to decline of the least performing index
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| Call: | At par plus any contingent coupon at issuer’s option on any coupon payment date
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| Initial index levels: | 1,144.17 for S&P, 1,607.943 for Russell and 6,304.566 for Nasdaq
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| Coupon trigger levels: | 70% of initial levels
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| Trigger levels: | 65% of initial levels
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| Pricing date: | Aug. 14
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| Settlement date: | Aug. 19
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.8%
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| Cusip: | 40057CN80
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