By Tali Rackner
Minneapolis, June 11 – GS Finance Corp. priced $490,000 of callable contingent coupon notes due May 31, 2028 linked to the Nasdaq-100 index, the Euro Stoxx 50 index and the Russell 2000 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 quarterly coupon at an annual rate of 8% if each index closes at or above 40% of its initial level on the related observation date.
The notes are callable at par on any coupon payment date after six months.
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 least-performing index with full exposure to losses.
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 contingent coupon notes
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Underlying indexes: | Nasdaq-100 index, Euro Stoxx 50 index, Russell 2000 index
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Amount: | $490,000
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Maturity: | May 31, 2028
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Coupon: | 8% per year, payable each quarter that each index closes at or above 60% of its initial level on related observation date
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Price: | Par
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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 least-performing index with full exposure to losses
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Call option: | At par on any coupon payment date after six months
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Initial levels: | 6,926.544 for Nasdaq, 3,428.14 for Stoxx and 1,623.649 for Russell
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Pricing date: | May 29
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Settlement date: | May 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 4.7%
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Cusip: | 40055Q5Q1
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