By Taylor Fox
New York, Dec. 30 – GS Finance Corp. priced $750,000 of autocallable contingent coupon equity-linked securities due Dec. 5, 2023 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 at an annual 11.25% rate if the stock closes above the coupon barrier price, 80% of the initial price, on the observation date for that quarter.
The notes will be automatically called at par plus the contingent coupon if the stock closes at or above its initial share price on any quarterly call observation date starting May 2021.
If the notes are not called and the final share price of the stock is greater than or equal to the trigger price, 80% of its initial level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline of the share price of the stock.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $750,000
|
| Maturity: | Dec. 5, 2023
|
| Coupon: | 11.25%, payable quarterly if closing price of stock is greater than or equal to 80% of initial share price on any quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon if stock closes at or above 80% of its initial share price; otherwise, full exposure to decline of stock
|
| Call: | At par plus contingent coupon if closing share price of stock is greater than or equal to initial share price on any quarterly observation date starting May 2021
|
| Initial share prices: | $3,168.04
|
| Coupon barrier/trigger prices: | 80% of initial share prices
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 40057EQT7
|
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