By Tali Rackner
Minneapolis, Jan. 26 – GS Finance Corp. priced $2.99 million of autocallable contingent coupon notes due Jan. 27, 2022 linked to the Euro Stoxx 50 index and the Russell 2000 index, 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 7% per annum if each index closes at or above its 70% coupon barrier level on the determination date for that quarter.
Beginning in July, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date.
The payout at maturity will be par plus the final coupon, if any, unless either index closes below its 70% coupon trigger level, in which case investors will lose 1% for each 1% decline of the lesser-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | Euro Stoxx 50 and Russell 2000
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| Amount: | $2.99 million
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| Maturity: | Jan. 27, 2022
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| Contingent coupon: | 7% annualized, payable quarterly if each component closes at or above 70% coupon barrier level on the determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon, if any, unless either index closes below its 70% trigger level, in which case 1% loss for each 1% decline of lesser-performing index
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| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly determination date beginning in July
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| Initial index levels: | 3,672.29 for Euro Stoxx and 1,610.706 for Russell 2000
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| Coupon barrier/trigger levels: | 2,570.603 for Euro Stoxx and 1,127.4942 for Russell 2000; 70% of initial levels
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 26
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 3.175%
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| Cusip: | 40055AFC6
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