By Sarah Lizee
Olympia, Wash., March 10 – GS Finance Corp. priced $3.17 million of index-linked notes due March 4, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the will notes pay a contingent coupon of 5.2% per year if the index closes at or above 85% of its initial level on every trading day during that month.
The notes will be called at par on the final coupon determination date in February 2021 if the closing level of the index is greater than or equal to 85% of its initial level on every trading day during the observation period from but excluding the trade date to and including the final coupon determination date.
If the notes are not called, the payout at maturity will be par plus the return of the index plus 15%.
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: | Index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $3,174,000
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| Maturity: | March 4, 2024
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| Coupon: | 5.2% per year, payable each month that index closes at or above barrier on every trading day during that month
|
| Price: | Par
|
| Payout at maturity: | Par plus the return of the index plus 15%
|
| Call: | Automatically at par on the final coupon determination date in February 2021 if the closing level of the index is greater than or equal to 85% of its initial level on every trading day during the observation period from but excluding the trade date to and including the final coupon determination date
|
| Initial index levels: | 2,954.22
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| Barrier level: | 85% of initial level
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| Pricing date: | Feb. 28
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| Settlement date: | March 4
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.3%
|
| Cusip: | 40056YPC2
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