Chicago, May 10 – GS Finance Corp. priced $1 million of autocallable contingent coupon equity-linked notes due March 24, 2022 linked to the common stock of Advanced Micro Devices, Inc., 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 10% per annum if the stock closes at or above its 79% coupon trigger level on the related determination date. Previously unpaid coupons will also be paid.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless the stock finishes below the 79% trigger level, in which case investors will lose 1.2658% for every 1% decline of the stock beyond the 21% buffer level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked notes
|
| Underlying stock: | Advanced Micro Devices, Inc.
|
| Amount: | $1,000,000
|
| Maturity: | March 24, 2022
|
| Coupon: | 10% per year, payable each quarter that stock closes at or above its coupon trigger level on the related determination date; previously unpaid coupons will also be paid
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below trigger level, in which case investors will lose 1.2658% for every 1% decline of the stock beyond 21% buffer
|
| Call: | At par plus the contingent coupon if stock closes at or above its initial level on any quarterly determination date
|
| Initial level: | $79.06
|
| Coupon trigger level: | 79% of initial level
|
| Buffer level: | 79% of initial level
|
| Pricing date: | March 22
|
| Settlement date: | March 29
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057FTN4
|
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