By Wendy Van Sickle
Columbus, Ohio, Jan. 24 – GS Finance Corp. priced $2.28 million of 10.1% autocallable fixed-coupon notes due April 26, 2021 linked to the class A common stock of Twilio Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly.
The notes will be automatically called at par plus the coupon if the stock closes at or above its initial level on July 17, 2020, Oct. 19, 2020 or Jan. 19, 2021.
If the notes are not subject to an automatic call, the payout at maturity will be par unless the stock finishes below the 65% trigger level, in which case investors will lose 1% for each 1% decline of the stock from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable fixed-coupon notes
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| Underlying stock: | Twilio Inc.
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| Amount: | $2,282,000
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| Maturity: | April 26, 2021
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| Coupon: | 10.1%, payable quarterly
|
| Price: | Par
|
| Call: | At par plus the coupon if the stock closes at or above its initial level on July 17, 2020, Oct. 19, 2020 or Jan. 19, 2021
|
| Payout at maturity: | Par unless the stock finishes below the trigger level, in which case investors will lose 1% for each 1% decline of the stock from its initial level
|
| Initial level: | $119.36
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| Trigger level: | 65% of initial level
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 23
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.35%
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| Cusip: | 40056YBM5
|
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