By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – GS Finance Corp. priced $1 million of autocallable contingent coupon notes due Feb. 17, 2022 linked to 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 semiannual contingent coupon at an annual rate of 7.25% if the index closes at or above its trigger level, 75% of its initial level, on the determination date for that period.
The notes will be automatically called at par if the index closes at or above its initial level on any coupon determination date.
The payout at maturity will be par plus the final coupon unless the index finishes below its 75% buffer, in which case investors will lose 1.3333% for each 1% loss beyond 25%.
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 notes
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | Feb. 17, 2022
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| Coupon: | 7.25% per year, payable semiannually if index closes at or above trigger level on determination date for that period
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| Price: | Par
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| Payout at maturity: | Par plus coupon unless index finishes below buffer level, in which case 1.3333% loss for each 1% loss beyond 25%
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| Call: | Automatically at par if index closes at or above initial level on any coupon determination date
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| Initial index levels: | 2,337.58
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| Buffer/trigger levels: | 75% of initial levels
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 17
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.35%
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| Cusip: | 40054KWN2
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