By William Gullotti
Buffalo, N.Y., May 18 – GS Finance Corp. priced $1.87 million of callable contingent coupon index-linked notes due May 18, 2029 tied to 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 monthly coupon at an annual rate of 5% if each index closes at or above the coupon trigger level, 80% of the initial level, on the valuation date for that period.
The notes may be called at par plus any coupon due on any monthly call observation date after one year.
If the notes have not been called and each index finishes at or above its coupon trigger level, the payout at maturity will be par plus the final coupon. Otherwise, investors will receive par.
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
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| Amount: | $1.87 million
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| Maturity: | May 18, 2029
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| Coupon: | 5% annualized rate, payable monthly 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: | If each index finishes at or above its coupon trigger, par plus final coupon; otherwise, par
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| Call: | At par plus any coupon due on any monthly call observation date after one year
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| Initial index levels: | 4,023.89 for S&P, 1,792.666 for Russell
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| Coupon trigger levels: | 80% of initial levels
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| Pricing date: | May 13
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| Settlement date: | May 18
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4%
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| Cusip: | 40057LXE6
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