By William Gullotti
Buffalo, N.Y., Feb. 8 – GS Finance Corp. priced $2 million of contingent coupon index-linked notes due Jan. 28, 2025 tied 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 an annual rate of 4.75% if the index closes at or above the coupon trigger level, 80% of the initial level, on the valuation date for that period.
Investors will receive par at maturity, and if the index finishes at or above its coupon trigger, the final coupon.
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: | Contingent coupon index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $2 million
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Maturity: | Jan. 28, 2025
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Coupon: | 4.75% annualized rate, payable quarterly if the 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 plus any final coupon otherwise due
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Initial index level: | 4,864.6
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Coupon trigger level: | 80% of initial level
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Pricing date: | Jan. 23
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Settlement date: | Jan. 26
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.15%
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Cusip: | 40057XZJ7
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