By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – GS Finance Corp. priced $550,000 of callable contingent coupon notes due March 5, 2027 linked to the Nasdaq-100 index and the iShares MSCI Emerging Markets ETF, 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 an annualized rate of 10% if each underlier 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.
If the notes are not redeemed, the payout at maturity will be par plus any coupon unless either underlier finishes below 80% of its initial level, in which case investors will be exposed to the loss of the least performing underlie 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 underliers: | Nasdaq-100 index and MSCI Emerging Markets ETF
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Amount: | $550,000
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Maturity: | March 5, 2027
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Coupon: | 10%, payable each month that each underlier closes at or above 80% of its initial level on the observation date for that period
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Price: | Par
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Payout at maturity: | Par plus any coupon unless either underlier finishes below 80% of initial level, in which case exposure to loss of least performing underlier beyond 20%
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Call option: | At par on any coupon payment date after one year
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Initial index levels: | 7,690.998 for Nasdaq and $40.19 for ETF
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.95%
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Cusip: | 40056X2H8
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