By Wendy Van Sickle
Columbus, Ohio, Aug. 4 – GS Finance Corp. priced $200,000 of callable contingent coupon index-linked notes due July 29, 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.
The notes will pay a contingent semiannual coupon at an annualized rate of 5.75% if each index closes at or above its 80% coupon trigger level on the determination date for that period.
The notes may be called at par plus any contingent coupon due on any coupon payment date.
If the notes are not called, the payout will be par plus any final coupon due if each index finishes at or above 80% of its initial level. Otherwise, investors will lose 1% for every 1% decline of the worse performing index beyond 20%.
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 index-linked notes
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| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average
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| Amount: | $200,000
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| Maturity: | July 29, 2025
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| Contingent coupon: | 5.75% per year, payable semiannually if each index closes at or above 80% coupon trigger level on determination date for period
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| Price: | Par
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| Payout at maturity: | Par plus any final coupon if each index finishes at or above its 80% trigger level; otherwise, 1% loss for every 1% decline of the worse performing index beyond 20%
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| Call option: | At par plus any contingent coupon due on any coupon payment date
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| Initial index levels: | 10,483.13 for Nasdaq, 26,469.89 for Dow
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| Pricing date: | July 24
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| Settlement date: | July 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.85%
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| Cusip: | 40057CFM8
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