Chicago, Oct. 25 – GS Finance Corp. priced $494,000 of 8% autocallable fixed-coupon notes due March 22, 2023 linked to the common stock of Gilead Sciences, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The notes will be automatically called at par plus the coupon if the stock closes at or above its initial level on any monthly call observation date after six months.
If the notes are not subject to an automatic call, the payout at maturity will be par unless the stock finishes below the 79% trigger buffer level, in which case investors will lose 1% for each 1% decline of the stock from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable fixed-coupon notes
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| Underlying stock: | Gilead Sciences, Inc.
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| Amount: | $494,000
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| Maturity: | March 22, 2023
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| Coupon: | 8%, payable monthly
|
| Price: | Par
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| Call: | At par plus the coupon if the stock closes at or above its initial level on any monthly call observation date after six months
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| Payout at maturity: | Par unless the stock finishes below the trigger buffer level, in which case investors will lose 1% for each 1% decline of the stock from its initial level
|
| Initial level: | $60.98
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| Trigger buffer level: | 79% of initial level
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 25
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| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.15%
|
| Cusip: | 40057L6W6
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