By Kiku Steinfeld
Chicago, June 23 – GS Finance Corp. priced $4.08 million of autocallable contingent coupon index-linked notes due July 2, 2021 linked 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.
If each index closes at or above its 75% coupon trigger level on the related determination date, the notes will pay a contingent quarterly coupon of 13.3% per annum.
The notes will be called at par plus the contingent coupon minus any previously paid coupons if the index closes at or above its initial level on any quarterly determination date.
If the notes are not called, the payout at maturity will be par plus the final coupon minus any previously paid coupons if the index closes below its 75% trigger level, in which case investors will lose 1% for every 1% decline of the index.
Goldman Sachs & Co. LLC is the agent with JPMorgan as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,084,000
|
| Maturity: | July 2, 2021
|
| Coupon: | If each index closes at or above coupon trigger level on related determination date, notes will pay a contingent quarterly coupon of 13.3% per annum
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon minus any previously paid coupons paid unless index finishes below trigger level, in which case 1% loss for every 1% decline of index
|
| Call: | At par plus coupon minus any previously paid coupons if index closes at or above its initial level on any quarterly determination date
|
| Initial level: | 3,124.74
|
| Trigger level: | 75% of initial level
|
| Pricing date: | June 16
|
| Settlement date: | June 19
|
| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 40057CBJ9
|
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