By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – GS Finance Corp. priced $3.17 million of callable contingent coupon notes due Jan. 31, 2029 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annualized rate of 7.5% if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that period.
The notes will be callable in whole at par on any coupon payment date beginning in February 2020.
The payout at maturity will be par plus the final coupon unless either index falls by more than 40%, in which case investors will be fully exposed to the decline of the lesser-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. 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: | Russell 2000 index and S&P 500 index
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| Amount: | $3,167,000
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| Maturity: | Jan. 31, 2029
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| Contingent coupon: | 7.5% per year, payable quarterly if each index closes at or above coupon barrier level on the observation date for that period
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| Price: | Par
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| Payout at maturity: | Par plus final coupon, unless either index falls by more than 40%, in which case full exposure to decline of lesser-performing index
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| Call option: | At par on any coupon payment date beginning in February 2020
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| Initial levels: | 2,704.1 for S&P and 1,499.419 for Russell
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| Coupon barriers: | 1,622.46 for S&P and 899.6514 for Russell; 60% of initial levels
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Goldman Sachs & Co.
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| Fees: | 1.11%
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| Cusip: | 40056ESH2
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