By Sarah Lizee
Olympia, Wash., March 19 – GS Finance Corp. priced $734,000 of callable contingent coupon notes due March 19, 2024 linked to the performances of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annualized rate of 5.25% if each index closes at or above 60% of its initial level on the observation date for that period.
The notes will be callable at par plus any coupon on any coupon payment date beginning in March 2020 and ending in December 2023.
The payout at maturity will be par plus the final coupon unless any index falls by more than 40%, in which case investors will be exposed to the decline of the least performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underlying indexes: | Nasdaq-100, S&P 500 and the Russell 2000
|
| Amount: | $734,000
|
| Maturity: | March 19, 2024
|
| Contingent coupon: | 5.25% per year, payable quarterly if each index closes at or above coupon trigger level on the observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon unless any index falls by more than 40%, in which case investors will be exposed to the decline of the least performing index from its initial level
|
| Call option: | At par plus any coupon on any coupon payment date beginning in March 2020 and ending in December 2023
|
| Initial levels: | 1,549.635 for Russell, 7,243.014 for Nasdaq and 2,808.48 for S&P
|
| Coupon trigger level: | 60% of initial levels
|
| Pricing date: | March 14
|
| Settlement date: | March 19
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.475%
|
| Cusip: | 40056EYA0
|
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