By Taylor Fox
New York, Nov. 30 – GS Finance Corp. priced $713,000 of callable contingent coupon notes due Nov. 24, 2025 linked to the S&P 500 Value index, the Nasdaq-100 Technology Sector index and the Dow Jones industrial average, 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 of 4.75% per annum if each index closes at or above its 70% coupon trigger level on the determination date for that quarter.
The notes may be called at par plus any coupon due on any quarterly payment date.
The payout at maturity will be par plus any coupon due unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
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 notes
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| Underlying indexes: | S&P 500 Value, Nasdaq-100 Technology Sector and Dow Jones industrial average
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| Amount: | $713,000
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| Maturity: | Nov. 24, 2025
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| Contingent coupon: | 4.75% annualized, payable quarterly if each index closes at or above 70% coupon trigger level on the determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus any coupon due unless any index closes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
|
| Call option: | At par plus any coupon on any quarterly payment date
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| Initial index levels: | 1,212.49 for S&P, 29,483.23 for Dow and 6,977.142 for Nasdaq
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| Coupon trigger levels: | 70% of initial levels
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| Trigger buffer levels: | 60% of initial levels
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| Pricing date: | Nov. 19
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| Settlement date: | Nov. 24
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.725%
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| Cusip: | 40057ENM5
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