By Wendy Van Sickle
Columbus, Ohio, June 26 – GS Finance Corp. priced $4.39 million of callable contingent coupon notes due June 28, 2023 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 six months, the notes pay a contingent coupon at a rate of 5.35% per year if each index closes at or above 55% of its initial level on the observation date for that period.
The notes are callable at par on any coupon payment date.
The payout at maturity will be par plus the coupon, unless either index finishes below 55% of its initial level, in which case investors will be fully exposed to the loss of the lesser performing index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $4,389,000
|
| Maturity: | June 28, 2023
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| Coupon: | 5.35% per year; payable each six months that each index closes at or above 55% of its initial level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon, unless either index finishes below 55% of initial level, in which case full exposure to loss of lesser performing index
|
| Call option: | At par on any coupon payment date
|
| Initial levels: | 1,549.628 for Russell and 2,950.46 for S&P
|
| Pricing date: | June 21
|
| Settlement date: | June 28
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.3%
|
| Cusip: | 40056FLV5
|
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