By Sarah Lizee
Olympia, Wash., Aug. 30 – GS Finance Corp. priced $1.52 million of autocallable contingent coupon index-linked notes due Aug. 14, 2024 linked to the lesser performing of the S&P 500 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.
The notes will pay a contingent quarterly coupon of 6.25% per annum if each index closes at or above its 75% coupon trigger level on the related quarterly determination date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after one year.
The payout at maturity will be par unless either index finishes below its initial level and either finishes below its 75% trigger level, in which case investors will lose 1% for every 1% decline of the least performing index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon index-linked notes
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Underlying indexes: | S&P 500, Nasdaq-100
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Amount: | $1,517,000
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Maturity: | Aug. 14, 2024
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Coupon: | 6.25% per year, payable each quarter that each index closes at or above its 75% coupon trigger level on the related quarterly determination date
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Price: | Par
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Payout at maturity: | Par unless either index finishes below its initial level and either finishes below its 75% trigger level, in which case investors will lose 1% for every 1% decline of the least performing index
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Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after one year
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Initial levels: | 7,575.019 for Nasdaq, 2,878.38 for S&P
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Pricing date: | Aug. 26
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Settlement date: | Aug. 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 4.4%
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Cusip: | 40056X2Y1
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