By Marisa Wong
Morgantown, W.Va., May 20 – GS Finance Corp. priced $500,000 of callable contingent coupon notes due Nov. 2, 2026 linked to the iShares MSCI Emerging Markets exchange-traded fund and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the notes pay a contingent coupon of $7.792 for each $1,000 principal amount if each underlier closes at or above 80% of its initial value on the observation date for that month.
The notes are callable at par on any coupon payment date.
If each underlier finishes at or above 80% of its initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to the decline of the worse performer.
Goldman Sachs & Co. LLC is the underwriter.
| 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: | iShares MSCI Emerging Markets ETF, Nasdaq-100 index
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| Amount: | $500,000
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| Maturity: | Nov. 2, 2026
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| Coupon: | 9.3504% per year; payable each month that each underlier closes at or above 80% of its initial value on observation date for that month
|
| Price: | Par
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| Payout at maturity: | Par plus the final coupon unless either underlier falls by more than 20%, in which case full exposure to decline of worse performing underlier
|
| Call option: | At par on any coupon payment date
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| Initial values: | $43.88 for ETF, 7,826.679 for index
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| Pricing date: | April 26
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| Settlement date: | May 1
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.95%
|
| Cusip: | 40056FBM6
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