By Sarah Lizee
Olympia, Wash., Feb. 1 – GS Finance Corp. priced $200,000 of autocallable contingent coupon notes due Feb. 5, 2029 linked to the S&P 500 index and the Euro Stoxx 50 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 quarterly coupon of 8.35% per annum if each index closes at or above its 75% coupon trigger level on the determination date for that quarter.
Beginning January 2020, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date.
If each index finishes at or above its 75% coupon trigger level, the payout will be par plus the final contingent coupon.
If either index falls by more than 25% but by no more than 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500, Euro Stoxx 50
|
| Amount: | $200,000
|
| Maturity: | Feb. 5, 2029
|
| Contingent coupon: | 8.35% annualized, payable quarterly if each index closes at or above 75% coupon trigger level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above coupon trigger level, par plus final contingent coupon; if either index falls by more than 25% but by no more than 50%, par; otherwise, 1% loss for each 1% decline of the lesser-performing index
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly call observation date beginning January 2020
|
| Initial index levels: | 2,640.00 for S&P 500 and 3,153.42 for Stoxx
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| Coupon trigger levels: | 75% of initial levels
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| Pricing date: | Jan. 29
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| Settlement date: | Jan. 31
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| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.7%
|
| Cusip: | 40056EQF8
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