By Sarah Lizee
Olympia, Wash., April 24 – GS Finance Corp. priced $1.95 million of callable contingent coupon equity-linked securities due April 22, 2030 linked to the worst performing of the S&P 500 index, the Dow Jones industrial average 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 pay a contingent monthly coupon at an annualized rate of 4.3% if each asset closes at or above its coupon barrier level, 75% of its initial level, on the valuation date for that period.
The notes will be callable in whole at par plus any coupon due on any monthly valuation date after six months.
If each asset finishes at or above its final barrier level, 75% of its initial level, the payout at maturity will be par plus the coupon, if any. Otherwise, investors will be fully exposed to the decline of the least-performing asset.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon equity-linked securities
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Underlying assets: | S&P 500 index, Dow Jones industrial average and Russell 2000 index
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Amount: | $1,954,000
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Maturity: | April 22, 2030
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Contingent coupon: | 4.3% per year, payable monthly if each asset closes at or above coupon barrier on the valuation date for that period
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Price: | Par
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Payout at maturity: | If each asset finishes at or above final barrier, par plus any coupon; otherwise, full exposure to losses of least-performing asset
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Call option: | In whole at par plus any coupon due on any monthly valuation date after six months
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Initial level: | 1,229.098 for Russell, 2,874.56 for S&P and 24,242.49 for Dow
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Coupon/final barriers: | 75% of initial levels
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Pricing date: | April 17
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Settlement date: | April 22
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.95%
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Cusip: | 40056YYM0
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