By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – GS Finance Corp. priced $12.63 million of trigger autocallable contingent yield notes due Feb. 2, 2027 linked to the Russell 2000 index and the MSCI EAFE 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 at an annual rate of 7.7% if each index closes at or above its coupon barrier, 70% of its initial level, on the corresponding observation date.
The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the coupon unless either index finishes below the 70% downside threshold, in which case investors will lose 1% for each 1% decline of the index from its initial level.
Goldman Sachs & Co. is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable contingent yield notes
|
| Underlying indexes: | MSCI EAFE index, Russell 2000 index
|
| Amount: | $12,628,100
|
| Maturity: | Feb. 2, 2027
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| Coupon: | 7.7%, payable quarterly if each index closes at or above coupon barrier on related observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus coupon if each index finishes at or above downside threshold; otherwise, 1% loss for each 1% decline of laggard index from initial level
|
| Call: | At par plus coupon if each index closes at or above initial level on any quarterly observation date after six months
|
| Initial level: | 2,011.424 for Russell, 2,226.5 for MSCI EAFE
|
| Coupon barrier: | 70% of initial level
|
| Downside threshold: | 70% of initial level
|
| Pricing date: | Jan. 29
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| Settlement date: | Jan. 31
|
| Agents: | UBS Financial Services Inc. and Goldman Sachs & Co.
|
| Fees: | 0%
|
| Cusip: | 36267H302
|
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