By Taylor Fox
New York, Feb. 16 – GS Finance Corp. priced $2.9 million of callable contingent coupon underlier-linked notes due Jan. 21, 2025 linked to the Russell 2000 Value index, the S&P 500 index and the iShares MSCI Emerging Markets ETF, 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 annual rate of 9.35% if each asset closes at or above its coupon barrier, 75% of its initial level, on the observation date for that period.
The notes will be callable at par plus any coupon due on any coupon payment date.
The payout at maturity will be par plus the final coupon unless any asset finishes below its 70% buffer, in which case investors will lose 1.4286% for each 1% decline of the worst performing beyond the 30% buffer.
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 underlier-linked notes
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| Underlying assets: | Russell 2000 Value index, S&P 500 index and iShares MSCI Emerging Markets ETF
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| Amount: | $2.9 million
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| Maturity: | Jan. 21, 2025
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| Coupon: | 9.35% annual rate, payable quarterly if each asset closes at or above coupon barrier on observation date
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| Price: | Par
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| Call option: | At par plus any coupon due on any coupon payment date
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| Payout at maturity: | Par plus coupon if each asset finishes above buffer level; otherwise, 1.4286% loss for each 1% decline of worst performer beyond 30% buffer
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| Initial levels: | 2,157.476 for Russell, 3,795.54 for S&P and $55.13 for MSCI EM
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| Coupon barriers: | 75% of initial levels
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| Barrier values: | 70% of initial levels
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| Pricing date: | Jan. 15
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| Settlement date: | Jan. 21
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.3%
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| Cusip: | 40057F5J9
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