By Susanna Moon
Chicago, Feb. 11 - Goldman Sachs Group, Inc. priced $25 million of 0% callable exchangeable equity-linked notes due Feb. 19, 2021 linked to Kansas City Southern shares, according to a 424B2 filing with the Securities and Exchange Commission.
The exchange value for each $1,000 principal amount of notes will be the exchange rate of 6.9627 times the closing price of the stock.
The notes are callable beginning on Feb. 19, 2019 for the greater of the exchange value or par.
The notes are also exchangeable in whole or in part for a number of shares of Kansas City Southern stock equal to the exchange rate or, at the issuer's option, the exchange value in cash.
The payout at maturity will be for each $1,000 par amount an amount in cash equal to the arithmetic average of the averaging date prices on Feb. 8, 2021, Feb. 9, 2021 and Feb. 10, 2021. The averaging date price for each $1,000 par amount on an averaging date will be the greater of the exchange value or par.
Goldman Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable exchangeable equity-linked notes
|
| Underlying stock: | Kansas City Southern (Symbol: KSU)
|
| Amount: | $25 million
|
| Maturity: | Feb. 16, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | For each $1,000 par amount an amount in cash equal to arithmetic average of averaging date prices on Feb. 8, 2021, Feb. 9, 2021 and Feb. 10, 2021; averaging date price for each $1,000 par amount on an averaging date will be the greater of the exchange value or par
|
| Exchange option: | For a number of shares of Kansas City Southern stock equal to the exchange rate or, at issuer's option, the exchange value in cash
|
| Call option: | At par beginning on Feb. 19, 2019
|
| Initial share price: | $101.50
|
| Exchange rate: | 6.9627
|
| Pricing date: | Feb. 6
|
| Settlement date: | Feb. 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.4%
|
| Cusip: | 38147QMF0
|
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