By Kiku Steinfeld
Chicago, Nov. 18 – GS Finance Corp. priced $507,000 of autocallable contingent coupon notes due May 9, 2022 linked to the Russell 2000 index and the S&P 500 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 coupon of $4.792 each month, or 5.75% per year, only if both indexes close at or above 75% of their initial levels on the determination date for that period.
After six months, the notes will be automatically called at par on any monthly determination date if both indexes close at or above their initial levels.
If the notes have not been called and the return of each index is at least negative 25%, the payout at maturity will be par plus the contingent coupon.
If the return of either index is less than negative 25%, investors will share fully in the losses of the lesser-performing index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | Russell 2000 index S&P 500 index
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| Amount: | $507,000
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| Maturity: | May 9, 2022
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| Coupon: | $4.792 each month, or 5.75% per year, only if both indexes close at or above coupon barrier levels on the determination date for that month
|
| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if return of each index is at least negative 25%; otherwise, full exposure to losses of lesser-performing index
|
| Call: | Automatically at par on any monthly determination date after six months if both indexes close at or above their initial levels
|
| Initial levels: | 4,395.26 for S&P, 2,226.246 for Russell
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| Coupon barriers: | 75% of initial levels
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| Trigger levels: | 75% of initial levels
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| Pricing date: | July 30
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| Settlement date: | Aug. 4
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.45%
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| Cusip: | 40057HXV7
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