By Angela McDaniels
Tacoma, Wash., Nov. 6 – GS Finance Corp. priced $13 million of callable contingent coupon notes due Nov. 5, 2021 linked to the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, 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 8.85% if each underlier closes at or above its barrier level, 80% of its initial level, on each trading day during that quarter.
The notes are callable at par on any coupon payment date.
If the final level of each underlier is greater than or equal 60% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least-performing underlier.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underliers: | Russell 2000 index, S&P 500 index and iShares MSCI EAFE ETF
|
| Amount: | $13 million
|
| Maturity: | Nov. 5, 2021
|
| Coupon: | 8.85%, payable quarterly if each underlier closes at or above barrier level on each trading day during that quarter
|
| Price: | Par
|
| Payout at maturity: | If final level of each underlier is greater than or equal 60% of initial level, par; otherwise, full exposure to decline of least-performing underlier
|
| Call option: | At par on any coupon payment date
|
| Initial levels: | 1,496.547 for Russell 2000, 2,579.85 for S&P 500 and $69.91 for ETF
|
| Barrier levels: | 80% of initial levels
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.5%
|
| Cusip: | 40054LXQ2
|
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