By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – GS Finance Corp. priced $1.75 million of autocallable contingent coupon notes due Dec. 18, 2019 linked to the common stock of Apple 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 8% if the stock closes at or above its 75% coupon barrier on the observation date for that quarter, in which case a coupon will also be paid for any previous quarter during which no coupon was paid.
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 plus any coupon owed unless the stock finishes below its 75% trigger level, in which case investors will lose 1.3333% for each 1% loss beyond 25%.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent with JPMorgan as 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 stock: | Apple Inc.
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| Amount: | $1,745,000
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| Maturity: | Dec. 18, 2019
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| Coupon: | 8% annualized, payable quarterly if the stock closes at or above 75% coupon barrier on review date for that quarter, in which case a coupon will also be paid for any previously unpaid quarter
|
| Price: | Par
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| Payout at maturity: | Par plus any coupon owed unless the stock finishes below its 75% trigger level; otherwise, 1.3333% loss for each 1% decline beyond 25%
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| Call: | At par if each the stock closes at or above its initial level on any quarterly call review date
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| Initial level: | $178.58
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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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: | 40056EJ58
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