By Susanna Moon
Chicago, April 30 – GS Finance Corp. priced $6.83 million of callable contingent coupon notes due Oct. 30, 2025 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 8.8% if each underlying asset closes at or above its 80% coupon barrier on the observation date for that month.
The notes are callable at par on any review date after six months.
The payout at maturity will be par unless either asset falls by more than 20%, in which case investors will be exposed to any losses of the worse performing index or fund beyond the buffer.
The guarantor is Goldman Sachs Group, Inc.
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: | Euro Stoxx 50 and iShares MSCI Emerging Markets ETF
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| Amount: | $6,831,000
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| Maturity: | Oct. 30, 2025
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| Coupon: | 8.8% annualized, payable monthly if each asset closes at or above 80% coupon barrier on review date for that month
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| Price: | Par
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| Payout at maturity: | Par unless either asset falls by more than 20%; in which case, 1% loss for each 1% decline of worse performing index or fund beyond 20%
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| Call option: | At par on any quarterly call review date from April 2019 through September 2025
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| Initial levels: | 3,513.06 for Stoxx and $46.88 for fund
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| Coupon barriers: | 80% of initial levels
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| Pricing date: | April 23
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| Settlement date: | April 26
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 5.15%
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| Cusip: | 40055AXL6
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