Chicago, Nov. 7 – GS Finance Corp. priced $339,000 of callable contingent coupon notes due April 30, 2027 linked to the S&P 500 index and the Russell 2000 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 monthly coupon if each index closes at or above its 85% coupon trigger level on the determination date for that period. The coupon will be at an annualized rate of 4%.
Starting October 2020 and ending in March 2027, the notes may be called at par plus any contingent coupon due at the issuer’s option on any coupon payment date.
The payout at maturity will be par plus any coupon due.
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: | Callable contingent coupon notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $339,000
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Maturity: | April 30, 2027
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Contingent coupon: | Payable monthly if each index closes at or above 85% coupon trigger level on the determination date for that period; annual coupon rate is 4%
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Price: | Par
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Payout at maturity: | Par plus any coupon due
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Call: | Starting October 2020 and ending in March 2027, at par plus any contingent coupon at issuer’s option on any coupon payment date
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Initial index levels: | 1,571.933 for Russell, 3,039.42 for S&P
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Coupon trigger levels: | 85% of initial values
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.65%
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Cusip: | 40056XFC5
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