By William Gullotti
Buffalo, N.Y., Aug. 25 – GS Finance Corp. priced $1.4 million of callable contingent coupon index-linked notes due March 29, 2023 tied to the Euro Stoxx 50 index, the S&P 500 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.
The notes will pay a contingent quarterly coupon at an annual rate of 6.3% if each index closes at or above the coupon trigger level, 70% of the initial level, on the valuation date for that period.
The notes may be called at par plus any coupon due on any quarterly call observation date.
If the notes have not been called, the payout at maturity will be par plus the final coupon unless any index finishes below its 70% trigger value, in which case investors will lose 1% for every 1% that the worst performer finishes below 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 indexes: | S&P 500 Index, Russell 2000 index, Euro Stoxx 50 index
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| Amount: | $1.4 million
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| Maturity: | March 29, 2023
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| Coupon: | 6.3% annualized rate, payable quarterly if each index closes at or above coupon trigger level, on valuation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below its trigger value, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
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| Call: | At par plus any coupon due on any quarterly call observation date
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| Initial index levels: | 4,266.49 for S&P, 2,333.622 for Russell, 4,122.43 for Stoxx
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| Trigger buffer levels: | 70% of initial levels
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| Coupon trigger levels: | 70% of initial levels
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| Pricing date: | June 24
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| Settlement date: | June 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 40057HM56
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