By Wendy Van Sickle
Columbus, Ohio, Dec. 28 – GS Finance Corp. priced $650,000 of autocallable contingent coupon notes due June 27, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each month, the notes pay a contingent coupon at an annual rate of 7% if the index closes at or above its trigger level, 80% of its initial level, on the observation day that period.
The notes will be called at par on any coupon payment date after one year if the index closes above its initial level.
The payout at maturity will be unless the index finishes below 80% of its initial level, in which case investors will be fully exposed to the loss.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $650,000
|
| Maturity: | June 27, 2025
|
| Coupon: | 7%, payable monthly if index closes at or above trigger level on observation day that period
|
| Price: | Par
|
| Payout at maturity: | Par unless index finishes below 80% of initial level, in which case full exposure to loss
|
| Call: | At par on any coupon payment date after a year if index closes above initial level
|
| Initial level: | 3,552.65
|
| Trigger level: | 2,842.12, 80% of initial level
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.4%
|
| Cusip: | 40055AB48
|
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