By Wendy Van Sickle
Columbus, Ohio, Feb. 27 – GS Finance Corp. priced $285,000 of 4.1% callable fixed coupon notes due Feb. 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par on any contingent coupon payment date after one year.
The payout at maturity will be par unless the index falls by more than 15%, in which case investors will be exposed to any losses of the index beyond 15%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable fixed coupon notes
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| Underlying index: | S&P 500 index
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| Amount: | $285,000
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| Maturity: | Feb. 28, 2024
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| Coupon: | 4.1% per year, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless index falls by more than 15%, in which case exposure to losses of index beyond 15%
|
| Call option: | At par on any interest payment date after one year
|
| Initial level: | 2,796.11
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.72%
|
| Cusip: | 40056EWL8
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