By Susanna Moon
Chicago, June 25 – GS Finance Corp. priced $2.1 million of autocallable contingent coupon notes due July 3, 2019 linked to the common stock of Amazon.com, Inc., 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 underlying stock closes at or above its 76% coupon barrier on the observation date for that quarter.
The notes will be called at par if the stock closes at or above its initial level on any review date.
The payout at maturity will be par unless the stock finishes below its 76% trigger level, in which case investors will be fully exposed to any losses.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the 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 stocks: | Amazon.com, Inc. (Symbol: AMZN)
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| Amount: | $2,104,000
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| Maturity: | July 3, 2019
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| Coupon: | 10% annualized, payable quarterly if stock closes at or above 76% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | If stock finishes below 76% trigger level, par; otherwise, 1% loss for each 1% decline
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| Call: | At par if stock closes at or above its initial level on any quarterly call review date
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| Initial levels: | $1,715.97
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| Trigger levels: | 76% of initial levels
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| Pricing date: | June 15
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| Settlement date: | June 20
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.1%
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| Cusip: | 40055QFS6
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