By Wendy Van Sickle
Columbus, Ohio, May 12 – GS Finance Corp. priced $4.33 million of autocallable contingent coupon equity-linked notes due May 1, 2023 linked to the common shares of Wells Fargo & Co., 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 at an annual rate of 10.2% if the stock closes at or above its coupon trigger level, 75% of the initial price, on the determination date for that period.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial share price on any quarterly determination date.
The payout at maturity will be par unless the stock finishes below its 75% trigger level, in which case investors will lose 1% for each 1% decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked notes
|
| Underlying stock: | Wells Fargo & Co.
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| Amount: | $4,334,000
|
| Maturity: | May 1, 2023
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| Coupon: | 10.2% per year, payable quarterly if shares close at or above coupon trigger level on a related determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case investors will lose 1% for each 1% decline
|
| Call: | At par plus contingent coupon if shares close at or above initial share price on any quarterly determination date
|
| Initial share price: | $244.14
|
| Coupon trigger level: | 75% of initial share price
|
| Trigger level: | 75% of initial share price
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| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 40057H3Q1
|
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