By Sarah Lizee
Olympia, Wash., Dec. 13 – GS Finance Corp. priced $1.82 million of autocallable contingent coupon notes due Dec. 15, 2022 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 7.85% if the stock closes at or above its 70% 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 beginning in March 2019 and ending in September 2022.
The payout at maturity will be par unless the stock finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the stock.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
|
| Underlying stock: | Apple Inc.
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| Amount: | $1.82 million
|
| Maturity: | Dec. 15, 2022
|
| Coupon: | 7.85% annualized, payable quarterly if stock closes at or above its 70% coupon barrier on the observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If stock finishes above 70% trigger level, par; otherwise, 1% loss for each 1% decline of stock
|
| Call: | At par if stock closes at or above its initial level on any quarterly review date starting in March 2019 and ending in September 2022
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| Initial level: | $169.60
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| Pricing date: | Dec. 10
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| Settlement date: | Dec. 13
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| Agent: | Goldman Sachs & Co.
|
| Fees: | 3.3%
|
| Cusip: | 40056EMK1
|
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