By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – GS Finance Corp. priced 1.85 million of autocallable contingent coupon stock-linked notes due Jan. 27, 2021 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon of 10% per annum if the stock closes at or above its 69.65% coupon trigger level on the related quarterly determination date, in which case a coupon will also be paid for any previously unpaid quarter.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par plus any coupon due unless the stock finishes below 69.65% trigger level, in which case investors will lose 1% for every 1% decline of the stock.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon stock-linked notes
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Underlying stock: | Boeing Co.
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Amount: | $1,851,000
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Maturity: | Jan. 27, 2021
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Coupon: | 10% per year, payable each quarter that stock closes at or above its 69.65% coupon trigger level on the related quarterly determination date, in which case a coupon will also be paid for any previously unpaid quarter
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Price: | Par
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Payout at maturity: | Par plus any coupon due unless the stock finishes below 69.55% trigger level, in which case investors will lose 1% for every 1% decline of the stock
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Call: | At par plus the contingent coupon if stock closes at or above its initial level on any quarterly determination date
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Initial level: | $329.92.
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Pricing date: | Jan. 10
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Settlement date: | Jan. 15
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Underwriter: | Goldman Sachs & Co. LLC
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Placement agent: | JPMorgan
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Fees: | 1.1%
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Cusip: | 40056YAJ3
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