By Wendy Van Sickle
Columbus, Ohio, April 15 – GS Finance Corp. priced $11.95 million of 7.4% trigger callable yield notes due July 15, 2025 linked 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.
Interest is payable monthly.
The notes will be callable at par of $10 plus the coupon on any monthly payment date after six months.
The payout at maturity will be par if each index finishes at or above the 65% downside threshold.
Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger callable yield notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index
|
| Amount: | $11,945,610
|
| Maturity: | July 15, 2025
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| Coupon: | 7.4%, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | If each index finishes at or above downside threshold, par; otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level
|
| Call option: | At par plus coupon on any monthly payment date after six months
|
| Initial levels: | 5,160.64 for S&P, 2,028.389 for Russell
|
| Downside thresholds: | 65% of initial levels
|
| Pricing date: | April 10
|
| Settlement date: | April 15
|
| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 36267H799
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