By Marisa Wong
Morgantown, W.Va., Dec. 4 – GS Finance Corp. priced $600,000 of variable coupon notes due Nov. 27, 2024 linked to the Motif Capital National Defense 7 ER 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 an annual coupon based on (a) the index return as measured from the pricing date to each applicable coupon determination date, Nov. 20 of each year, divided by (b) the number of coupon payment dates that have occurred up to and including the relevant coupon payment date, subject to a minimum coupon rate of 1%.
The payout at maturity will be par.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Variable coupon notes
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| Underlying index: | Motif Capital National Defense 7 ER index
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| Amount: | $600,000
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| Maturity: | Nov. 27, 2024
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| Coupon: | Annual coupon based on (a) the index return as measured from the pricing date to each applicable coupon determination date, Nov. 20 of each year, divided by (b) the number of coupon payment dates that have occurred up to and including the relevant coupon payment date, subject to a minimum coupon rate of 1%
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Initial level: | 126.87
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 30
|
| Agent: | Goldman Sachs & Co.
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| Fees: | 0.375%
|
| Cusip: | 40055A4V6
|
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