By Kiku Steinfeld
Chicago, July 6 – GS Finance Corp. priced $2.45 million of autocallable contingent coupon index-linked notes due May 24, 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.
The notes will pay a contingent quarterly coupon of 13.31% per annum if the index closes at or above its 70% coupon trigger level on the related quarterly determination date.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par plus the final coupon minus any previously paid coupons unless the index finishes below its coupon trigger level, in which case investors will be fully exposed to the loss of the index.
Goldman Sachs & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA acting as the placement agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $2,450,000
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| Maturity: | May 24, 2021
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| Coupon: | Contingent quarterly coupon of 13.31% per annum if index closes at or above its coupon trigger level on the related quarterly determination date
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon unless index finishes below its coupon trigger level, in which case investors will be fully exposed to the loss of the index
|
| Call: | At par plus the contingent coupon minus any previously paid coupons if index closes at or above its initial level on any quarterly determination date
|
| Initial index level: | 2,848.42
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| Coupon trigger: | 70% of initial level
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| Pricing date: | May 7
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| Settlement date: | May 12
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| Agent: | Goldman Sachs & Co. LLC with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as the placement agents.
|
| Fees: | 1.1%
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| Cusip: | 40057EBD8
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