By Kiku Steinfeld
Chicago, April 27 – GS Finance Corp. priced $990,000 of 6.4% callable fixed coupon index-linked notes due July 8, 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 contingent coupon payment date beginning in July.
If the notes are not called, the payout at maturity will be par plus the final coupon unless the index closes below its 70% trigger level during the life of the notes, in which case investors will be exposed to the decline, if any, of the index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC 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: | $990,000
|
| Maturity: | July 8, 2022
|
| Coupon: | 6.4% per year, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless index closes below 70% of initial level during life of notes and finishes below initial level, in which case exposure to losses
|
| Call option: | At par plus any coupon on any interest payment date beginning in July
|
| Initial level: | 4,077.91
|
| Trigger buffer level: | 70% of initial level
|
| Pricing date: | April 5
|
| Settlement date: | April 8
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057FY24
|
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