By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – GS Finance Corp. priced $600,000 of autocallable contingent coupon notes due Aug. 22, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Each month, the notes will pay a contingent coupon at an annual rate of 7.35% if the index closes at or above its barrier level, 80% of its initial level, on the observation date for that month.
The notes will be automatically called at par if each underlying closes at or above its initial level on any monthly call date after a year.
The payout at maturity will be par plus the final coupon unless the index return is less than negative 20%, in which case investors will be exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying index | Euro Stoxx 50 index
|
| Amount: | $600,000
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| Maturity: | Aug. 22, 2025
|
| Coupon: | 7.35% per year, payable monthly if index closes at or above 80% barrier on valuation date for that month
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 80% barrier level, par; otherwise, full exposure to any losses of index
|
| Call: | At par plus contingent coupon if index closes at or above initial level on any monthly call date after a year
|
| Initial level: | 3,325.99
|
| Barrier level: | 2,660.792; 80% of initial level
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 14
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.4%
|
| Cusip: | 40055AKH9
|
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