Chicago, July 21 – GS Finance Corp. priced $123,000 of autocallable contingent coupon notes due Feb. 8, 2021 linked to the S&P 500 index, the Euro Stoxx 50 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.
The notes will pay a contingent quarterly coupon of 9% per annum if each index closes at or above its 70% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly call observation date beginning in January 2020.
The payout at maturity will be par unless any index closes below 70% of its initial level any day during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level with a maximum payout of par.
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: | Autocallable contingent coupon notes
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Underlying indexes: | S&P 500, Euro Stoxx 50, Russell 2000
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Amount: | $123,000
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Maturity: | Feb. 8, 2021
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Contingent coupon: | 9% annualized, payable quarterly if each index closes at or above 70% coupon trigger level on the determination date for that quarter
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Price: | Par
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Payout at maturity: | Par unless any index closes below 70% of its initial level any day during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level with a maximum payout of par
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Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly call observation date beginning in January 2020
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Initial index levels: | 2,980.38 for S&P, 3,466.85 for Stoxx and 1,574.605 for Russell
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Coupon trigger levels: | 70% of initial levels
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.41%
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Cusip: | 40056FRF4
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