By Sarah Lizee
Olympia, Wash., July 3 – GS Finance Corp. priced $3.95 million of callable contingent coupon notes due June 28, 2029 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 4.5% per year if each index closes at or above 75% 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.
If the notes are not redeemed, 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: | $3.95 million
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Maturity: | June 28, 2029
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Coupon: | 4.5% per year; payable each month that each index closes at or above 75% 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 coupon, if any
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Call option: | At par on any coupon payment date after one year
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Initial index levels: | 2,913.78 for S&P 500, 1,517.775 for Russell 2000
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Pricing date: | June 26
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Settlement date: | June 28
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.7%
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Cusip: | 40056FLJ2
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