Chicago, Dec. 14 – GS Finance Corp. priced $500,000 of autocallable contingent coupon equity-linked securities due April 10, 2023 linked to the common stock of Plug Power 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 annualized rate of 28.5% if the stock closes at or above the coupon barrier price, 60% of the initial price, on the valuation date for that period.
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.
Unless the stock finishes below its initial price and ever closes below its 60% final barrier price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the stock price.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stock: | Plug Power Inc.
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| Amount: | $500,000
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| Maturity: | April 10, 2023
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| Coupon: | 28.5% annually, payable quarterly, if stock closes at or above coupon barrier price on valuation date for that period
|
| Price: | Par
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| Payout at maturity: | Unless stock finishes below its initial price and ever closes below its final barrier price, par; otherwise, full exposure to decline in the stock from initial share price
|
| Call: | Automatically at par if stock closes at or above its initial level on any quarterly call observation date
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| Initial share price: | $30.44
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| Coupon barrier level: | 60% of initial level
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| Final barrier level: | 60% of initial level
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| Pricing date: | April 6
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| Settlement date: | April 11
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0%
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| Cusip: | 40057LR52
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