By Kiku Steinfeld
Chicago, Feb. 17 – GS Finance Corp. priced $1.17 million of callable contingent coupon equity-linked notes due Sept. 8, 2023 tied to the stock of Trade Desk, 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 rate of 15% if the stock closes at or above the coupon trigger level, 50% of the initial level, on the valuation date for that period.
The notes may be called at par plus any coupon due on any quarterly call observation date.
The payout at maturity will be par unless the stock finishes below its 50% trigger level, in which case investors will lose 1% for each 1% decline from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon equity-linked notes
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| Underlier: | Trade Desk, Inc.
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| Amount: | $1,169,000
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| Maturity: | Sept. 8, 2023
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| Coupon: | 15% annualized rate, payable quarterly if stock closes at or above coupon trigger level, on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its trigger level, in which case 1% loss for each 1% decline from its initial level
|
| Call: | At par plus any coupon due on any quarterly call observation date
|
| Initial level: | $78.20
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| Coupon trigger level: | 50% of initial levels
|
| Trigger buffer level: | 50% of initial levels
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| Pricing date: | Sept. 3
|
| Settlement date: | Sept. 9
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1%
|
| Cusip: | 40057JHL3
|
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