By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – GS Finance Corp. priced $1.37 million of autocallable contingent coupon equity linked securities due Oct. 25, 2018 based on the performance of the common stock of Amazon.com, 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 10.25% if Amazon stock closes at or above the barrier price, 75% of the initial price, on the determination date for the applicable quarter.
The notes will be automatically called at par plus the contingent coupon if Amazon shares close at or above the initial share price on any quarterly determination date other than the final date.
If the notes are not called and the final share price is greater than or equal to the barrier price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline in the share price.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked notes
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| Underlying stock: | Amazon.com, Inc. (Symbol: AMZN)
|
| Amount: | $1,374,000
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| Maturity: | Oct. 25, 2018
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| Coupon: | 10.25%, payable quarterly if stock closes at or above barrier price, 75% of initial share price, on valuation date for that quarter
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| Price: | Par
|
| Payout at maturity: | If final share price is at least 75% of initial share price, par plus contingent coupon; otherwise, full exposure to decline in share price
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| Call: | Automatically at par plus contingent coupon if shares close at or above initial share price on any quarterly determination date other than final date
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| Initial share price: | $818.99
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| Pricing date: | Oct. 21
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| Settlement date: | Oct. 26
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| Agents: | Goldman Sachs & Co. and J.P. Morgan Securities LLC
|
| Fees: | 1.9%
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| Cusip: | 40054KMR4
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