By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – GS Finance Corp. priced $1.83 million of autocallable contingent coupon barrier notes due Feb. 2, 2021 linked to the lesser performing of the class A common stock of Alphabet Inc. and the common stock of Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a contingent quarterly coupon at an annual rate of 8.5% if each stock closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless either stock finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing stock.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon barrier notes
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| Underlying stocks: | Alphabet Inc. and of Intel Corp
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| Amount: | $1,827,000
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| Maturity: | Feb. 2, 2021
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| Coupon: | 8.5% annualized, payable quarterly if each stock closes at or above 70% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either stock finishes below 70% trigger, in which case 1% loss per 1% decline of worse performing index
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| Call: | At par if each stock closes at or above initial level on any quarterly observation date
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| Initial levels: | $1,187.56 for Alphabet, $50.08 for Intel
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| Trigger levels: | 70% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.15%
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| Cusip: | 40055AFK8
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