By Wendy Van Sickle
Columbus, Ohio, June 13 – GS Finance Corp. priced $404,000 of callable contingent coupon notes due June 8, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a contingent monthly coupon at an annual rate of 5.3% if each index closes at or above 60% of its initial level on the related observation date.
The notes are callable at par on any coupon payment date after one year.
If each index finishes at or above 60% of its initial level, the payout at maturity will be par plus the final coupon.
Otherwise, the payout will be par plus the return of the lesser-performing index with full exposure to losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
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| Underlying indexes: | Russell 2000 index, S&P 500 index
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| Amount: | $404,000
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| Maturity: | June 8, 2023
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| Coupon: | 5.3%, payable each month that each index closes at or above 60% of its initial level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon if each index finishes at or above 60% of its initial level; otherwise par plus the return of the lesser-performing index with full exposure to losses
|
| Call option: | At par on any coupon payment date after one year
|
| Initial levels: | 1,664.625 for Russell and 2,748.8 for S&P
|
| Pricing date: | June 5
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| Settlement date: | June 8
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.725%
|
| Cusip: | 40055QCR1
|
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