By Kiku Steinfeld
Chicago, Dec. 9 – GS Finance Corp. priced $797,000 of autocallable contingent coupon equity-linked notes due Sept. 27, 2022 linked to Micron Technology, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock closes at or above the barrier level, 71% of the initial price, on the valuation date for a month, the notes will pay a contingent monthly coupon at an annual rate of 9.6%.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial share price on any monthly valuation date after six months.
The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the 71% barrier level, in which case investors will lose 1% for each 1% decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked notes
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| Underlying stock: | Micron Technology, Inc.
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| Amount: | $797,000
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| Maturity: | Sept. 27, 2022
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| Coupon: | 9.6% per year, payable if shares close at or above barrier level on a monthly valuation date for that period
|
| Price: | Par
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| Payout at maturity: | If final share price is greater than or equal to barrier level, par plus final coupon; otherwise, 1% loss for each 1% decline
|
| Call: | At par plus contingent coupon if shares close at or above initial share price on any monthly valuation date after six months
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| Initial share price: | $70.23
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| Barrier level: | 71% of initial share price
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| Pricing date: | Aug. 20
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| Settlement date: | Aug. 25
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.15%
|
| Cusip: | 40057JAQ9
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