By Wendy Van Sickle
Columbus, Ohio, Aug. 6 – GS Finance Corp. priced $737,000 of contingent coupon index-linked notes due June 8, 2023 linked to the class A common stock of Palantir Technologies Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at an annualized rate of 13.75% if the stock closes at or above 55% of its initial level on the observation date for that period.
The payout at maturity will be par unless the stock finishes below its barrier value, 55% of its initial level, in which case investors will be exposed to the stock’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Contingent coupon index-linked notes
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| Underlying stock: | Palantir Technologies Inc.
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| Amount: | $737,000
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| Maturity: | June 8, 2023
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| Coupon: | 13.75% per year, payable every quarter if the stock closes at or above its 55% coupon barrier level on the observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below its barrier value, in which case full exposure to losses
|
| Initial level: | $24.03
|
| Barrier levels: | 55% of initial levels
|
| Pricing date: | June 4
|
| Settlement date: | June 9
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 40057HKP4
|
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