By Sarah Lizee
Olympia, Wash., Dec. 28 – GS Finance Corp. priced $680,000 of callable contingent coupon notes due Dec. 5, 2022 linked to the Russell 2000 index, the iShares MSCI EAFE ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, 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 annualized rate of 8.4% if each asset closes at or above 60% of its initial level on the observation date.
The notes are callable at par on any quarterly call date after one year.
The payout at maturity will be par unless any asset finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing asset.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underlying assets: | Russell 2000 index, iShares MSCI EAFE ETF and SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $680,000
|
| Maturity: | Dec. 5, 2022
|
| Coupon: | 8.4% payable monthly if each asset closes at or above 60% of its initial level on the observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless any asset finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing asset
|
| Call option: | At par on any quarterly call date after one year
|
| Initial levels: | 1,530.384 for Russell, $63.36 for EAFE and $33.06 for Oil & Gas
|
| Pricing date: | Nov. 28
|
| Settlement date: | Dec. 3
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.55%
|
| Cusip: | 40056EH50
|
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