By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – GS Finance Corp. priced $949,000 of callable contingent coupon notes due Jan. 29, 2025 linked to the Nasdaq-100 index 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.
Each month, the notes pay a contingent coupon at a rate of 5.05% 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 after one year.
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: | Russell 2000 and Nasdaq-100
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| Amount: | $949,000
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| Maturity: | Jan. 29, 2025
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| Coupon: | 5.05% per year; payable each month that each index closes at or above 80% of its initial level on observation date for that period
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| 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%
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| Call: | At par plus coupon on any coupon payment date after one year
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| Initial index levels: | 13,112.65 for Nasdaq, 2,108.696 for Russell
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| Pricing date: | Jan. 27
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| Settlement date: | Jan. 29
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.8%
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| Cusip: | 40057FA53
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