By Susanna Moon
Chicago, April 19 – GS Finance Corp. priced $530,000 of autocallable contingent coupon notes due May 1, 2019 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10% if the index closes at or above its 80.5% coupon barrier on the observation date for that quarter.
The notes will be called at par if the index closes at or above its initial level on any review date.
The payout at maturity will be par unless the index finishes below 80.5% barrier level, in which case investors will be exposed to any losses.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as the placement agent.
| 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 assets: | Russell 2000 and Euro Stoxx 50
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| Amount: | $530,000
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| Maturity: | May 1, 2019
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| Coupon: | 10% annualized, payable quarterly if index closes at or above 80.5% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | Par if index finishes above 80.5% barrier level; otherwise 1% loss for each 1% decline of worse performing index
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| Call: | At par if index closes at or above its initial level on any review date
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| Initial level: | 1,892.09
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| Coupon barrier: | 80.5% of initial level
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| Pricing date: | April 13
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| Settlement date: | April 18
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| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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| Fees: | 1.1%
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| Cusip: | 40055AXV4
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