By Wendy Van Sickle
Columbus, Ohio, Jan. 27 – GS Finance Corp. priced $6.04 million of callable contingent coupon index-linked notes due Jan. 4, 2028 tied to 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 will pay a contingent quarterly coupon if the index closes at or above the coupon trigger level, 70% of the initial level, on the valuation date for that period.
After one year, the notes will be callable at the option of the issuer on any quarterly valuation date at par plus any coupon otherwise due.
If the notes are not called and the index finishes at or above 70% of initial value, the payout will be par plus the final coupon.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $6,043,000
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Maturity: | Jan. 4, 2028
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Coupon: | 10%, payable quarterly if the index closes at or above coupon trigger level, on valuation date for that period
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Price: | Par
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Payout at maturity: | If index finishes at or above coupon trigger, par plus final coupon; otherwise, par
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Call: | At par plus any coupon due on any quarterly review date after one year
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Initial index level: | 3,849.28
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Coupon trigger level: | 70% of initial level
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Pricing date: | Dec. 29
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Settlement date: | Jan. 4
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.69%
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Cusip: | 40057P3T7
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