By Kiku Steinfeld
Chicago, Feb. 10 – GS Finance Corp. priced $750,000 of callable contingent coupon notes due July 29, 2027 linked to 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.
Each quarter, the notes pay a contingent coupon at an annual rate of 6.05% if each index closes at or above 80% of its initial level on the related observation date.
The notes are callable at par plus any coupon on any coupon payment date beginning in January 2021 and ending in April 2027.
The payout at maturity will be par plus the final coupon, unless either index declines by more than 20%, in which case investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon notes
|
| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $750,000
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| Maturity: | July 29, 2027
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| Coupon: | 6.05%, payable each quarter that each index closes at or above 80% of initial level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon, unless either index declines by more than 20%, in which case 1% loss for every 1% that lesser-performing index declines beyond 20%
|
| Call option: | At par plus any coupon on any coupon payment date beginning in January 2021 and ending in April 2027
|
| Initial levels: | 1,662.232 for Russell and 3,779.16 for Stoxx
|
| Coupon trigger/buffer levels: | 80% of initial levels
|
| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.15%
|
| Cusip: | 40056YCV4
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