By Angela McDaniels
Tacoma, Wash., June 6 – GS Finance Corp. priced $50 million of 0% callable notes due June 9, 2023 linked to the common stock of Archer-Daniels-Midland Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes are callable at any time beginning June 10, 2019.
For each $1,000 principal amount of notes, the payout upon redemption or at maturity will be an amount in cash equal to the value of 20.9086 Archer-Daniels-Midland shares, subject to a minimum payout of par.
The initial share price selected for the notes, $43.43, is lower than the actual closing share price of the stock on the pricing date, which was $43.47.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable notes
|
| Underlying stock: | Archer-Daniels-Midland Co. (Symbol: ADM)
|
| Amount: | $50 million
|
| Maturity: | June 9, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Amount in cash equal to value of 20.9086 Archer-Daniels-Midland shares, subject to minimum payout of par
|
| Call option: | At any time beginning June 10, 2019 for payment calculated in same manner as payout at maturity
|
| Initial share price: | $43.43
|
| Pricing date: | June 2
|
| Settlement date: | June 9
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.4%
|
| Cusip: | 40054KDT0
|
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