By Sarah Lizee
Olympia, Wash., July 1 – GS Finance Corp. priced $670,000 of autocallable contingent coupon index-linked notes due July 2, 2029 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 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 a rate of 7.6% per year if each index closes at or above its 70% coupon trigger level on the related quarterly determination date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date from June 2020 to March 2029.
The payout at maturity will be par unless any index finishes below its 70% trigger level, in which case investors will lose 1% for every 1% decline of the least performing index.
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: | Autocallable contingent coupon index-linked notes
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Underlying indexes: | Russell 2000, Euro Stoxx 50, S&P 500
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Amount: | $670,000
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Maturity: | July 2, 2029
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Coupon: | 7.6% per year, payable each quarter that each index closes at or above its 70% coupon trigger level on the related quarterly determination date
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Price: | Par
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Payout at maturity: | Par unless any index finishes below its 70% trigger level, in which case investors will lose 1% for every 1% decline of the least performing index
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Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date from June 2020 to March 2029
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Initial levels: | 1,521.035 for Russell, 2,917.38 for S&P and 3,444.36 for Stoxx
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Pricing date: | June 25
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Settlement date: | June 28
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.95%
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Cusip: | 40056FLS2
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