By Wendy Van Sickle
Columbus, Ohio, April 22 – GS Finance Corp. priced $3.68 million of callable contingent coupon notes due April 23, 2024 linked to the iShares MSCI Emerging Markets ETF 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 will pay a contingent quarterly coupon at an annual rate of 8.8% if each asset closes at or above its 70% coupon trigger level on the determination date for that quarter.
The notes will be callable at par plus any contingent coupon on any coupon payment date beginning in April 2020.
The payout at maturity will be par plus any coupon, unless either asset finishes below 70% of its initial level, in which case investors will be fully exposed to any decline of the least performing asset.
Goldman Sachs & Co. 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 assets: | iShares MSCI Emerging Markets ETF, Euro Stoxx 50 index
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| Amount: | $3.68 million
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| Maturity: | April 23, 2024
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| Contingent coupon: | 8.8%, payable quarterly if each asset closes at or above 70% coupon trigger level on the determination date
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| Price: | Par
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| Payout at maturity: | Par plus any coupon, unless either asset declines by more than 30%, in which case full exposure to decline of least performing asset
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| Call: | Callable at par plus contingent coupon on any payment date beginning in April 2020
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| Initial asset levels: | $44.46 for ETF, 3,463.36 for index
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| Pricing date: | April 16
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| Settlement date: | April 22
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.35%
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| Cusip: | 40056FBH7
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