By Sarah Lizee
Olympia, Wash., Dec. 26 – GS Finance Corp. priced $163,000 of autocallable contingent coupon notes due Dec. 29, 2028 linked to the S&P 500 index and the Euro Stoxx 50 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 6.35% per annum if each index closes at or above its 60% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date beginning in December 2019 to and including September 2028.
If each index finishes at or above its initial level or if neither index has closed below the 60% trigger level, the payout will be par plus the final contingent coupon.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | S&P 500, Euro Stoxx 50
|
| Amount: | $163,000
|
| Maturity: | Dec. 29, 2028
|
| Contingent coupon: | 6.35% annualized, payable quarterly if each index closes at or above 60% coupon trigger level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level or if neither index has closed below 60% trigger level, par plus contingent coupon; otherwise, 1% loss for each 1% decline of lesser-performing index
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly call observation date starting in December 2019 to and including September 2028
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| Initial index levels: | 2,416.62 for S&P 500 and 3,000.61 for Stoxx
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 28
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| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.95%
|
| Cusip: | 40056EKE7
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