By Wendy Van Sickle
Columbus, Ohio, July 31 – GS Finance Corp. priced $798,000 of autocallable contingent coupon equity-linked notes due July 29, 2021 linked to Amazon.com, Inc. common stock, 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, 65% of the initial price, on the determination date for that month, the notes will pay a contingent monthly coupon at an annual rate of 6%.
The notes will be called at par plus the contingent coupon if the stock closes at or above the initial stock price on any quarterly determination date after six months.
The payout at maturity will be par unless the stock finishes below its initial price and ever closes below 65% of its initial stock price, in which case investors will lose 1% for each 1% decline.
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 equity-linked notes
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| Underlying stock: | Amazon.com, Inc. (Symbol: AMZN)
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| Amount: | $798,000
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| Maturity: | July 29, 2021
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| Coupon: | 6% per year, payable if stock closes at or above barrier level on the monthly valuation date for that month
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| Price: | Par
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| Payout at maturity: | Par plus the coupon unless the stock finishes below initial level and ever closes below 65% of its initial level, in which case investors will lose 1% for each 1% decline
|
| Call: | At par plus contingent coupon if stock closes at or above initial stock price on any quarterly determination date after six months
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| Initial stock price: | $1,973.82
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| Barrier level: | 65% of initial stock price
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| Pricing date: | July 25
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| Settlement date: | July 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.35%
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| Cusip: | 40056FUT0
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