By Wendy Van Sickle
Columbus, Ohio, May 22 – GS Finance Corp. priced $440,000 of autocallable contingent coupon index-linked notes due June 3, 2021 linked to the S&P 500 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 11.7% per annum plus any previously unpaid coupons if the index closes at or above its 70% coupon trigger level on the related quarterly determination date.
The notes will be called at par plus the contingent coupon plus any previously unpaid coupons if the index closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par plus the final coupon and any previously unpaid coupons unless the index finishes below its coupon trigger level, in which case investors will be fully exposed to the loss of the index.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon index-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $440,000
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| Maturity: | June 3, 2021
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| Coupon: | Contingent quarterly coupon of 11.7% per annum plus any previously unpaid coupons if index closes at or above its coupon trigger level on the related quarterly determination date
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon and any previously unpaid coupons unless index finishes below its coupon trigger level, in which case investors will be fully exposed to the loss of the index
|
| Call: | At par plus the contingent coupon plus any previously unpaid coupons if index closes at or above its initial level on any quarterly determination date
|
| Initial index level: | 2,863.7
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| Coupon trigger: | 70% of initial level
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| Pricing date: | May 18
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| Settlement date: | May 21
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| Underwriter: | Goldman Sachs & Co. LLC
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| Placement agent: | JPMorgan
|
| Fees: | 1.1%
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| Cusip: | 40057C3B5
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