By Wendy Van Sickle
Columbus, Ohio, Oct. 1 – GS Finance Corp. priced $1.33 million of callable contingent coupon equity-linked securities due July 19, 2023 linked to the common stock of salesforce.com, 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 at an annualized rate of 9.65% if the stock closes at or above the coupon barrier price, 70% of the initial price, on the valuation date for that period.
The notes will be callable at par plus any contingent coupon on any quarterly valuation date after six months.
If the notes are not called and the final share price is greater than or equal to the 70% final barrier price, the payout at maturity will be par plus the final coupon.
Otherwise, investors will be fully exposed to the decline of the stock price from its initial share price.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon equity-linked securities
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| Underlying stocks: | salesforce.com, inc.
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| Amount: | $1,328,000
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| Maturity: | July 19, 2023
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| Coupon: | 9.65% annually, payable quarterly, if stock closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | If notes are not called and final share price is greater than or equal to final barrier price, par plus final coupon; otherwise, full exposure to decline in the stock
|
| Call option: | At par plus any contingent coupon on any quarterly valuation date after six months
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| Initial share price: | $242.43
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| Coupon barrier level: | 70% of initial level
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| Final barrier level: | 70% of initial level
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| Pricing date: | July 14
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| Settlement date: | July 19
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057HVB3
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