By Kiku Steinfeld
Chicago, June 22 – GS Finance Corp. priced $1.3 million of autocallable contingent coupon notes due June 21, 2021 linked to the Nasdaq-100 index, the S&P 500 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 12.25% per annum if each index closes at or above its 70% coupon trigger level on the determination date for that quarter.
Beginning in September, 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.
If each index finishes at or above its 70% coupon trigger level, the payout will be par plus the final contingent coupon.
Investors will receive par if either index falls below 70% but not below 60% and will lose 1% for each 1% decline of the lesser-performing index from its initial level if any index finishes below 60% of its initial level.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | Nasdaq-100, Russell 2000, S&P 500
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| Amount: | $1,302,000
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| Maturity: | June 21, 2021
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| Contingent coupon: | 12.25% annualized, payable quarterly if each index closes at or above 70% coupon trigger level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above coupon trigger level, par plus contingent coupon; if any index falls by more than 25% but not below 60%, par; 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 beginning in September
|
| Initial index levels: | 3,041.31 for S&P, 9,663.774 for Nasdaq and 1,387.685 for Russell
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| Pricing date: | June 12
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| Settlement date: | June 17
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 0.61%
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| Cusip: | 40057CAV3
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