By Sarah Lizee
Olympia, Wash., Dec. 14 – GS Finance Corp. priced $1.67 million of callable contingent coupon equity-linked notes due Dec. 17, 2020 linked to AT&T Inc. common shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the stock closes at or above the barrier level, 70% of the initial price, on the valuation date for a quarter, the notes will pay a contingent quarterly coupon at an annual rate of 9.65%.
The notes will be callable at par plus any contingent coupon on any quarterly valuation date.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 70% barrier level, in which case investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon equity-linked notes
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| Underlying stock: | AT&T Inc.
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| Amount: | $1.67 million
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| Maturity: | Dec. 17, 2020
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| Coupon: | 9.65% per year, payable quarterly if shares close at or above barrier level on valuation date for that quarter
|
| Price: | Par
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| Payout at maturity: | If final share price is greater than or equal to barrier level, par plus final coupon and any previously unpaid coupons; otherwise, 1% loss for each 1% decline
|
| Call: | Callable at par plus any contingent coupon due on any quarterly valuation date
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| Initial share price: | $30.16
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| Barrier level: | $21.112, 70% of initial share price
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| Pricing date: | Dec. 12
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| Settlement date: | Dec. 17
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| Agent: | Goldman Sachs & Co.
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| Fees: | 1.925%
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| Cusip: | 40056EMJ4
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