GS Finance to price callable contingent coupon notes tied to Amazon

By Devika Patel

Knoxville, Tenn., June 21 – GS Finance Corp. plans to price callable contingent equity-linked coupon notes due June 29, 2021 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 8.6% if the shares close at or above 70% of the initial level on the coupon payment date for that quarter.

Beginning in September 2019 and ending March 2021, the notes are callable in whole but not in part at par plus any contingent coupon on any coupon payment date.

The payout at maturity will be par plus the final coupon, unless the shares finish below 70% of the initial price, in which case investors will lose 1% for each 1% decline of the stock from the initial price.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056FQ73) will price on June 24 and settle on June 27.

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