By Wendy Van Sickle
Columbus, Ohio, Sept. 22 – GS Finance Corp. priced $1.14 million of contingent coupon index-linked notes due Sept. 24, 2025 linked to 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 annual rate of 7.95% if the index closes at or above its coupon barrier, 80% of its initial level, on the observation date for that period.
The payout at maturity will be par plus the final coupon unless the index finishes below its 80% barrier value, in which case investors will lose 1% for each 1% decline of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Contingent coupon index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,137,000
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| Maturity: | Sept. 24, 2025
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| Coupon: | 7.95% annual rate, payable quarterly if index closes at or above coupon barrier on observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon if index finishes above barrier value; otherwise, 1% loss for each 1% decline of the index beyond 20%
|
| Initial level: | 3,899.89
|
| Coupon barrier: | 80% of initial level
|
| Buffer value: | 80% of initial level
|
| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 22
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 40057N6Q5
|
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