By William Gullotti
Buffalo, N.Y., July 11 – GS Finance Corp. priced $3.6 million of autocallable contingent coupon index-linked notes due July 5, 2029 tied to the Nasdaq-100 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 the index closes at or above the coupon trigger level, 80% of the initial level, on the valuation date for that period.
The notes will be called at par plus a coupon if the index closes at or above its initial index level on any quarterly call observation date after one year.
If the notes are not called and the index finishes at or above the coupon trigger, 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: | Autocallable contingent coupon index-linked notes
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Underlying index: | Nasdaq-100 index
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Amount: | $3,597,000
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Maturity: | July 5, 2029
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Coupon: | 5% annualized rate, payable monthly if the 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 the index finishes at or above coupon trigger level, par plus final coupon; otherwise, par
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Call: | At par plus coupon if the index closes at or above its initial level on any quarterly call observation date after one year
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Initial index level: | 12,008.24
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Coupon trigger level: | 80% of initial level
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.55%
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Cusip: | 40057MGP8
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