By Taylor Fox
New York, Dec. 30 – GS Finance Corp. priced $640,000 of 3.5% callable fixed-coupon index-linked notes due March 21, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par plus any coupon on any monthly coupon payment date beginning in March.
If the notes are not called, the payout at maturity will be par plus any final coupon unless if the index closes above its initial level or has never closed below its 50% trigger level, in which case investors will be exposed to any losses of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed-coupon index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $640,000
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| Maturity: | March 21, 2022
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| Coupon: | 3.5% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon unless index closes below initial level or ever closes below 50% of initial level during life of notes, in which case full exposure to losses of index
|
| Call option: | At par plus any coupon on any monthly interest payment date beginning in March
|
| Initial level: | 3,701.17
|
| Trigger buffer level: | 50% of initial level
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 21
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 40057EVB0
|
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