By Susanna Moon
Chicago, Sept. 28 – GS Finance Corp. priced $5.92 million of callable contingent coupon notes due Sept. 29, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannually coupon at an annual rate of 5.5% if each index closes at or above its 55% coupon barrier on the review date for that period.
The notes are callable at par on any interest payment date.
The payout at maturity will be par unless either index finishes below its 55% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs Group, Inc. is the guarantor.
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 notes
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| Underlying assets: | Russell 2000 index, S&P 500 index
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| Amount: | $5,915,000
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| Maturity: | Sept. 29, 2021
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| Coupon: | 5.5% annualized payable semiannually if each index closes at or above 55% coupon barrier on review date that period
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| Price: | Par
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| Call option: | At par plus contingent coupon on any interest payment date
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| Payout at maturity: | Par unless either index finishes below 55% trigger, in which case 1% loss for each 1% decline of worse performing index
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| Initial levels: | 1,450.781 for Russell, 2,502.22 for S&P
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| Trigger levels: | 55% of initial levels
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.375%
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| Cusip: | 40054LQC1
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