By Kiku Steinfeld
Chicago, Sept. 2 – GS Finance Corp. priced $1.07 million of autocallable contingent coupon stock-linked notes due Aug. 25, 2022 linked to the common stock of Alphabet 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 9.8% per annum minus any previously unpaid coupons if the stock closes at or above its 80% coupon trigger level on the related quarterly determination date in which case will also be paid.
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 plus any coupon due unless the stock finishes below its 80% trigger level, in which case investors will lose 1% for every 1% decline of the stock.
Goldman Sachs & Co. LLC is the agent with JPMorgan as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon stock-linked notes
|
| Underlying stock: | Alphabet Inc.
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| Amount: | $1,067,000
|
| Maturity: | Aug. 25, 2022
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| Coupon: | 9.8% per year minus any previously unpaid coupons, payable each quarter that stock closes at or above its 80% coupon trigger level on the related quarterly determination date
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon due unless stock finishes below 80% trigger level, in which case 1% loss for every 1% decline of stock
|
| Call: | At par plus the contingent coupon if stock closes at or above its initial level on any quarterly determination date
|
| Initial level: | $1,575.57
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| Trigger level: | 80% of initial level
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| Pricing date: | Aug. 21
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| Settlement date: | Aug. 26
|
| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.65%
|
| Cusip: | 40057CPC9
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