By Sarah Lizee
Olympia, Wash., Aug. 28 – GS Finance Corp. priced $2.58 million of autocallable contingent coupon stock-linked notes due Aug. 31, 2022 linked to the common stock of Amazon.com, Inc., 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 10% per annum if the stock closes at or above its 65.4% coupon trigger level on the related determination date, in which case investors will also receive any previously unpaid coupons.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless the stock finishes below the 65.4% trigger level, in which case investors will lose 1% for every 1% decline of the stock.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon stock-linked notes
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Underlying stock: | Amazon.com, Inc.
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Amount: | $2,575,000
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Maturity: | Aug. 31, 2022
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Coupon: | 10% per year, payable each quarter that stock closes at or above its coupon trigger level on the related determination date, in which case investors will also receive any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below trigger level, in which case investors will lose 1% for every 1% decline of the stock
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Call: | At par plus the contingent coupon if stock closes at or above its initial level on any quarterly determination date
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Initial level: | $3,346.49
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Coupon trigger: | 65.4% of initial level
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Trigger level: | 65.4% of initial level
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Pricing date: | Aug. 25
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Settlement date: | Aug. 28
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 1.675%
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Cusip: | 40057CPX3
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