By Angela McDaniels
Tacoma, Wash., May 26 – GS Finance Corp. priced $989,000 of callable contingent coupon notes due May 30, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at an annual rate of 7.5% if each index closes at or above its barrier level, 60% of its initial level, on the observation date for that quarter.
The notes are callable at par on any coupon payment date.
The payout at maturity will be par plus the final coupon, if any.
Goldman Sachs & Co. is the underwriter.
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 indexes: | Russell 2000 and S&P 500
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Amount: | $989,000
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Maturity: | May 30, 2021
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Coupon: | 7.5%, payable quarterly if each index closes at or above barrier level on observation date for that quarter
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Price: | Par
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Payout at maturity: | Par plus final coupon, if any
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Call option: | At par on any coupon payment date
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Initial levels: | 1,382.509 for Russell 2000 and 2,404.39 for S&P 500
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Barrier levels: | 60% of initial levels
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Pricing date: | May 24
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Settlement date: | May 30
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.55
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Cusip: | 40054LD43
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