By Wendy Van Sickle
Columbus, Ohio, April 1 – GS Finance Corp. priced $600,000 of callable contingent coupon notes due Sept. 29, 2026 linked to the S&P 500 index and the Russell 2000 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 monthly coupon of 4% per annum if each index closes at or above its 80% coupon trigger level on the determination date for that month.
The notes will be callable at par plus any contingent coupon on any coupon payment date beginning in March 2020.
The payout at maturity will be par plus any coupon.
Goldman Sachs & Co. 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 indexes: | S&P 500, Russell 2000
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| Amount: | $600,000
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| Maturity: | Sept. 29, 2026
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| Contingent coupon: | 4% annualized, payable monthly if each index closes at or above 80% coupon trigger level on the determination date for that month
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| Price: | Par
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| Payout at maturity: | Par plus any coupon
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| Call: | Callable at par plus contingent coupon on any payment date beginning in March 2020
|
| Initial index levels: | 2,805.37 for S&P and 1,522.231 for Russell
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| Pricing date: | March 26
|
| Settlement date: | March 29
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| Agent: | Goldman Sachs & Co.
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| Fees: | 3.7%
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| Cusip: | 40056EYH5
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