By Sarah Lizee
Olympia, Wash., Aug. 1 – GS Finance Corp. priced $597,000 of callable contingent coupon notes due Aug. 3, 2026 linked to the Euro Stoxx 50 index 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 quarter, the notes pay a contingent coupon at a rate of 6.9% per year if each index closes at or above 78% 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, unless either index finishes below 80% of its initial level, in which case investors will be exposed to the loss of the lesser performing index beyond 20%.
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: | Euro Stoxx 50 and Nasdaq-100
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Amount: | $597,000
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Maturity: | Aug. 3, 2026
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Coupon: | 6.9% per year; payable each quarter that each index closes at or above 78% 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, unless either index finishes below 80% of initial level, in which case exposure to loss of lesser performing index beyond 20%
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Call option: | At par on any coupon payment date after one year
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Initial levels: | 7,989.082 for Nasdaq, 3,523.58 for Stoxx
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Pricing date: | July 29
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Settlement date: | Aug. 1
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.15%
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Cusip: | 40056FVU6
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