By Wendy Van Sickle
Columbus, Ohio, Aug. 6 – GS Finance Corp. priced $1.09 million of callable contingent coupon index-linked notes due June 9, 2026 tied to the Dow Jones industrial average, 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.
The notes will pay a contingent quarterly coupon at an annual rate of 4.2% if each index closes at or above the coupon trigger level, 75% of the initial level, on the valuation date for that period.
The notes may be called at par plus any coupon due on any quarterly evaluation date after one year.
If the notes have not been called, the payout at maturity will be par unless any index finishes below 70% of its initial level, in which case investors will lose 1% for every 1% that the worst performer declines 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 index-linked notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index, Dow Jones industrial average
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| Amount: | $1.09 million
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| Maturity: | June 9, 2026
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| Coupon: | 4.2% annualized rate, payable quarterly if each index closes at or above coupon trigger level, on valuation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below its trigger value, in which case investors will lose 1% for every 1% that the worst performer declines from its initial level
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| Call: | At par plus any coupon due on any quarterly review date after one year
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| Initial index levels: | 4,229.89 for S&P, 2,286.412 for Russell, 34,756.39 for Dow
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| Trigger buffer levels: | 70% of initial levels
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| Coupon trigger levels: | 75% of initial levels
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| Pricing date: | June 4
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| Settlement date: | June 9
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.125%
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| Cusip: | 40057HJB7
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