By Wendy Van Sickle
Columbus, Ohio, Feb. 3 – GS Finance Corp. priced $71.7 million of 0% equity-linked notes due Feb. 28, 2028 tied to the common stock of AbbVie Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be the greater of 7.0145 times the closing price of the shares per each $1,000 principal amount of notes and par.
The 7.0145 exchange rate is the quotient of (i) 1,000 divided by (ii) the product of (a) 1.3825 times (b) the initial share price of $103.119 (which is higher than the actual closing price of the stock on the trade date, which is $102.79).
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Equity-linked notes
|
| Underlying stock: | AbbVie Inc.
|
| Amount: | $71.7 million
|
| Maturity: | Feb. 3, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Greater of par of $1,000 and 7.0145 times the final share price
|
| Initial share price: | $103.119
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.4%
|
| Cusip: | 40057FE42
|
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