By Sarah Lizee
Olympia, Wash., June 4 – GS Finance Corp. priced $900,000 of callable contingent coupon notes due Nov. 30, 2026 linked to the Russell 2000 index and the S&P 500 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 at a rate of 4.0008% per year if each index closes at or above 80% of its initial level on the observation date for that period.
The notes are callable at par on any coupon payment date after one year.
The payout at maturity will be par plus the coupon, if any.
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 indexes: | Russell 2000 and S&P 500
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Amount: | $900,000
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Maturity: | Nov. 30, 2026
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Coupon: | 4.0008% per year; payable each month that each index closes at or above 55% of its initial level on observation date for that period
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Price: | Par
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Payout at maturity: | Par plus the coupon, if any
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Call option: | At par on any coupon payment date after one year
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Initial levels: | 1,489.952 for Russell and 2,783.02 for S&P
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Trigger level: | 80% of initial underlier level
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Pricing date: | May 29
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Settlement date: | May 31
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.7%
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Cusip: | 40056FEJ0
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