By Wendy Van Sickle
Columbus, Ohio, June 25 – GS Finance Corp. priced $526,000 of callable contingent coupon notes due June 26, 2025 linked to the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each six months, the notes pay a contingent coupon at a rate of 6.7% per year if each index closes at or above 80% of its initial level on the observation date for that period.
The notes are callable at par plus the coupon on any coupon payment date starting in December.
If the notes are not redeemed, the payout at maturity will be par plus the coupon unless any index finishes below 80% of its initial level, in which case investors will be exposed to the loss of the least performing index beyond 20%.
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 notes
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| Underlying indexes: | Dow Jones industrial average and Nasdaq-100
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| Amount: | $526,000
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| Maturity: | June 26, 2025
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| Coupon: | 6.7% per year; payable each six months that each index closes at or above 80% of its initial level on observation date for that period
|
| Price: | Par
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| Payout at maturity: | Par plus coupon unless any index finishes below 80% of initial level, in which case exposure to loss of least performing index beyond 20%
|
| Call: | At par plus coupon on any coupon payment date starting in December
|
| Initial index levels: | 10,008.64 for Nasdaq, 25,871.46 for Dow
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| Buffer levels: | 80% of initial levels
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| Pricing date: | June 19
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| Settlement date: | June 26
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.85%
|
| Cusip: | 40057CA68
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