Chicago, April 15 – GS Finance Corp. priced $762,000 of autocallable contingent coupon equity-linked notes due Jan. 25, 2029 linked to the stocks of Advanced Micro Devices, Inc., Paycom Software, Inc., NIKE, Inc. and Exxon Mobil Corp., 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 monthly coupon at an annual rate of 13.75% if each stock closes at or above its coupon barrier price, 50% of its initial price, on a related determination date. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.
The notes will be automatically called at par plus coupon if each stock closes at or above its initial share price on any monthly observation date after six months.
If the notes are not called and the final share price of each stock is greater than or equal to the 50% final barrier, the payout at maturity will be par plus the final coupon.
Otherwise, investors will lose 1% for each 1% that the worst performing stock declines from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stocks: | Advanced Micro Devices, Inc. (Ticker: AMD), Paycom Software, Inc. (Ticker: PAYC), NIKE, Inc. (Ticker: NKE) and Exxon Mobil Corp. (Ticker: XOM)
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| Amount: | $762,000
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| Maturity: | Jan. 25, 2029
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| Coupon: | 13.75% annual rate, payable monthly if closing price of each stock is greater than or equal to coupon barrier on related observation date; coupon payment events will automatically include any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par plus final coupon if each stock finishes at or above 50% of its initial share price; otherwise, lose 1% for each 1% that the worst performing stock declines from initial level
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| Call: | At par plus coupon if closing share price of least performing stock is greater than or equal to its initial share price on any monthly observation date after six months
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| Initial share prices: | $162.67 for Advanced Micro Devices, $195.64 for Paycom, $100.94 for Nike and $96.80 for Exxon Mobil
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| Coupon barrier prices: | 50% of initial levels
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| Final barrier prices: | 50% of initial levels
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 23
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 40057XV77
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