By William Gullotti
Buffalo, N.Y., May 16 – GS Finance Corp. priced $5.02 million of 10.7% autocallable fixed coupon equity-linked notes due May 16, 2024 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly.
The notes will be automatically called at par plus the coupon if the stock closes at or above its initial price on any quarterly call observation date.
If the notes are not subject to an automatic call, the payout at maturity will be par unless the stock finishes below the 75% trigger price, in which case investors will lose 1% for each 1% decline of the stock from its initial price.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable fixed coupon equity-linked notes
|
| Underlying stock: | Apple Inc.
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| Amount: | $5,015,000
|
| Maturity: | May 16, 2024
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| Coupon: | 10.7%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below trigger price, in which case investors will lose 1% for each 1% decline of the stock price from its initial price
|
| Call: | At par plus the coupon if the stock closes at or above initial price on any quarterly call observation date
|
| Initial price: | $173.75
|
| Trigger buffer price: | 75% of initial level
|
| Pricing date: | May 11
|
| Settlement date: | May 16
|
| Agents: | Goldman Sachs & Co. LLC and Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 40057RVK1
|
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