By Wendy Van Sickle
Columbus, Ohio, Nov. 26 – GS Finance Corp. priced $31.72 million of autocallable contingent coupon index-linked notes due Aug. 31, 2020 linked to the least performing of the Nasdaq-100 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 monthly coupon of 7.58% per annum if each index closes at or above its 70% coupon trigger level on the related monthly determination date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on May 22, 2020.
The payout at maturity will be par plus the final coupon, if any, unless either index finishes below its initial level and either index has ever closed below its 70% trigger level any day during the life of the notes, in which case investors will be fully exposed to the loss of the least-performing index.
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 index-linked notes
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Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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Amount: | $31.72 million
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Maturity: | Aug. 31, 2020
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Coupon: | 7.58% per year, payable each month that each index closes at or above its 70% coupon trigger level on the related monthly determination date
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Price: | Par
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Payout at maturity: | Par plus the final coupon, if any, unless either index finishes below its initial level and either index has ever closed below its coupon trigger level any day during the life of the notes, in which case investors will be fully exposed to the loss of the least-performing index
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Call: | At par plus the contingent coupon if each index closes at or above its initial level on May 22, 2020
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Initial index levels: | 8,272.053 for Nasdaq and 1,588.943 for Russell
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Coupon triggers: | 70% of initial levels
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Pricing date: | Nov. 22
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Settlement date: | Nov. 27
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40056XQA7
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