Chicago, Feb. 13 – GS Finance Corp. priced $250,000 of callable contingent coupon notes due Jan. 31, 2022 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a contingent quarterly coupon if each index closes at or above 70% of its initial level on the related observation date. The contingent coupon will be 9% per year.
The notes are callable at par plus any coupon on any payment date beginning in July 2019 and ending in October 2021.
The payout at maturity will be par plus the final coupon unless either index finishes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $250,000
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| Maturity: | Jan. 31, 2022
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| Coupon: | 9% per year, payable quarterly if both indexes close at or above 70% of its initial level on the related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon unless either index finishes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing index
|
| Call option: | At par plus any coupon on any coupon payment date beginning in July 2019 and ending in October 2021
|
| Initial levels: | 1,471.448 for Russell, 3,153.42 for Stoxx
|
| Pricing date: | Jan. 29
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| Settlement date: | Jan. 31
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.25%
|
| Cusip: | 40056ERM2
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