By Sarah Lizee
Olympia, Wash., April 24 – GS Finance Corp. priced $877,000 of callable contingent coupon ETF-linked notes due April 22, 2030 linked to the Industrial Select Sector SPDR fund, SPDR S&P Biotech ETF and Technology Select Sector SPDR fund, 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 at an annualized rate of 5.65% if each ETF closes at or above its 70% coupon trigger level on the determination date for that period.
The notes may be callable at par plus any contingent coupon due at the issuer’s option on any coupon payment date after six months.
If the notes are not called, the payout will be par plus any coupon due.
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: | Callable contingent coupon ETF-linked notes
|
| Underlying ETFs: | Industrial Select Sector SPDR fund, SPDR S&P Biotech ETF and Technology Select Sector SPDR fund
|
| Amount: | $877,000
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| Maturity: | April 22, 2030
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| Contingent coupon: | 5.65% per year, payable monthly if each ETF closes at or above coupon trigger level on determination date
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon due
|
| Call: | At par plus any contingent coupon at issuer’s option on any coupon payment date after six months
|
| Initial ETF levels: | $63.10 for Industrial Select, $91.55 for SPDR S&P Biotech and $89.26 for Technology Select
|
| Coupon trigger levels: | 70% of initial levels
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.95%
|
| Cusip: | 40056YYS7
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