By Kiku Steinfeld
Chicago, Feb. 18 – GS Finance Corp. priced $695,000 of 7.3% callable fixed coupon index-linked notes due May 10, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par plus any coupon on any contingent coupon payment date beginning in May.
If the notes are not called, the payout at maturity will be par plus any final coupon unless either index ever closes below its 70% trigger level, in which case investors will be exposed to any losses of the lesser performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed coupon index-linked notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $695,000
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| Maturity: | May 10, 2021
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| Coupon: | 7.3% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | Par plus any coupon unless either index ever falls beyond 30%, in which case exposure to losses of lesser performing index
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| Call option: | At par plus any coupon on any interest payment date beginning in May
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| Initial levels: | 1,656.768 for Russell 2000, 3,297.59 for S&P
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| Trigger buffer level: | 70% of initial levels
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| Pricing date: | Feb. 4
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| Settlement date: | Feb. 7
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 0.35%
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| Cusip: | 40056YHP2
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