By Kiku Steinfeld
Chicago, Oct. 4 – GS Finance Corp. 770,000 9.75% autocallable fixed-coupon equity-linked notes due Sept. 21, 2020 linked to the common stock of Caterpillar 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 called at par if the stock closes at or above its initial level on any of three quarterly review dates.
The payout at maturity will be par unless the stock ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable fixed coupon equity-linked notes
|
| Underlying stock: | Caterpillar Inc.
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| Amount: | $770,000
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| Maturity: | Sept. 21, 2020
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| Coupon: | 9.75% annualized, payable quarterly
|
| Price: | Par
|
| Call: | At par if the stock closes at or above initial level on Dec. 19, March 19, 2020 or June 12 2020
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| Payout at maturity: | Par unless stock ever closes below the 70% trigger level during life of notes, in which case investors will be fully exposed to any losses
|
| Initial level: | $131.75
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| Trigger level: | 70% of initial value
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| Pricing date: | Sept. 12
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| Settlement date: | Sept. 17
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.475%
|
| Cusip: | 40056XCH7
|
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