Chicago, Feb. 14 – GS Finance Corp. priced $395,000 of callable contingent coupon notes due Jan. 31, 2034 linked to the performances of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent monthly coupon at an annualized rate of 8.1% if each index closes at or above 70% of its initial level on the observation date for that period.
The notes will be callable at par plus any coupon on any coupon payment date beginning in July up to the December 2033 payment date.
The payout at maturity will be par plus the final coupon unless either index falls by more than 30%. If the lowest performing index falls more than 30% but less than 50%, the payout will be par. If the lowest performing index falls by more than 50%, investors will be fully exposed to the decline of that index.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Russell 2000 index and S&P 500 index
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| Amount: | $395,000
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| Maturity: | Jan. 31, 2034
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| Contingent coupon: | 8.1% per year, payable monthly if each index closes at or above coupon trigger level on the observation date for that period
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| Price: | Par
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| Payout at maturity: | Par plus final coupon, unless either index falls by more than 30% but not more than 50%, in which case par; otherwise, exposure to decline of lesser-performing index
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| Call option: | At par plus any coupon on any coupon payment date beginning in July and ending in December 2033
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| Initial levels: | 1,471.448 for Russell and 2,640.00 for S&P
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| Coupon trigger level: | 70% of initial levels
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| Pricing date: | Jan. 29
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| Settlement date: | Jan. 31
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| Agent: | Goldman Sachs & Co.
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| Fees: | 4.79%
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| Cusip: | 40056ERG5
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