By Wendy Van Sickle
Columbus, Ohio, Nov. 12 – GS Finance Corp. priced $85,000 of callable contingent coupon index-linked notes due Nov. 4, 2025 linked to the Nasdaq-100 index, 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 quarterly coupon at annual rate of 7.5% if the index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that period.
The notes will be callable at par plus any coupon due on any quarterly call valuation date.
The payout at maturity will be par plus the final coupon unless the index finishes below its 70% barrier, in which case investors will lose 1% for each 1% decline from its initial level.
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 index: | Nasdaq-100 index
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| Amount: | $85,000
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| Maturity: | Nov. 4, 2025
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| Coupon: | 7.5% annual rate, payable quarterly if the index closes at or above coupon barrier on observation date
|
| Price: | Par
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| Call option: | At par plus any coupon due on any quarterly call valuation date
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| Payout at maturity: | Par plus coupon if index finishes above barrier level; otherwise, 1% loss for the 1% decline from initial level
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| Initial level: | 11,052.95
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| Coupon barrier: | 70% of initial levels
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| Barrier value: | 70% of initial levels
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| Pricing date: | Oct. 30
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| Settlement date: | Nov. 4
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.22%
|
| Cusip: | 40057CZX2
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