By Sarah Lizee
Olympia, Wash., Nov. 7 – GS Finance Corp. priced $740,000 of callable contingent coupon notes due Nov. 7, 2022 linked to the least performing of the, Dow Jones Industrial Average, the Nasdaq-100 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 pay a contingent quarterly coupon at an annualized rate of 6.45% if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that period.
The notes will be callable in whole at par on any coupon payment date beginning in November 2019 and ending in August 2022.
If each index finishes at or above its barrier level, 50% of its initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the least-performing index.
Goldman Sachs & Co. is the agent.
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: | Dow Jones Industrial Average, Nasdaq-100 index and S&P 500 index
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Amount: | $740,000
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Maturity: | Nov. 7, 2022
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Contingent coupon: | 6.45% per year, payable quarterly if each index closes at or above 60% of its initial level on the observation date for that period
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Price: | Par
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Payout at maturity: | If each index finishes at or above 50% barrier level, par; otherwise, full exposure to losses of least-performing index
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Call option: | At par on any coupon payment date beginning in November 2019 and ending in August 2022
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Initial levels: | 25,270.83 for Dow, 6,965.294 for Nasdaq and 2,723.06 for S&P
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Pricing date: | Nov. 2
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Settlement date: | Nov. 7
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Agent: | Goldman Sachs & Co.
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Fees: | 1.8%
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Cusip: | 40056ECH9
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