By Taylor Fox
New York, Feb. 18 – GS Finance Corp. priced $2.32 million of callable contingent coupon index-linked notes due July 29, 2022 tied to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 7.5% if each index closes above its 50% coupon barrier on the related observation date.
The notes will be callable at par on any quarterly observation date.
The payout at maturity will be par if all the indexes finish above their initial levels or if no index has closed below its 50% trigger buffer level on any day during the life of the notes.
Otherwise, investors will be fully exposed to the losses of the worst performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
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Amount: | $2,324,000
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Maturity: | July 29, 2022
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Coupon: | 7.5%, payable quarterly if each index closes above its coupon barrier on the related observation date
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Price: | Par
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Payout at maturity: | Par if all indexes finish above their initial levels or if no index has closed below its trigger buffer level at any point during the life of the notes; otherwise, full exposure to the losses of the worst performing index
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Call option: | At par plus contingent coupon on any quarterly call observation date
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Initial index levels: | 13,490.19 for Nasdaq, 2,149.856 for Russell and 3,849.62 for S&P
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Coupon trigger levels: | 50% of initial levels
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Trigger buffer levels: | 50% of initial levels
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Pricing date: | Jan. 26
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Settlement date: | Jan. 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.68%
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Cusip: | 40057FAJ3
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