Chicago, March 29 – GS Finance Corp. priced $1.12 million of autocallable contingent coupon equity-linked securities due March 2, 2027 linked to the common stocks of salesforce.com, inc., Boeing Co. and Uber Technologies, Inc., 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 monthly coupon at a yearly rate of 20.75% if each stock closes above the coupon barrier price, 65% of the initial price, on the observation date for that period.
The notes will be automatically called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly call observation date.
If the notes are not called and the final share price of each stock is greater than or equal to the trigger price, 55% of its initial level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline in the share price of the least performing stock.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stocks: | salesforce.com, inc., Boeing Co. and Uber Technologies, Inc.
|
| Amount: | $1,119,000
|
| Maturity: | March 2, 2027
|
| Coupon: | 20.75% per year, payable monthly if closing price of each stock is greater than or equal to coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon if each stock finishes at or above 55% of its initial share price; otherwise, full exposure to decline of least performing stock
|
| Call: | At par plus contingent coupon if closing share price of each stock is greater than or equal to initial share price on any quarterly observation date
|
| Initial share prices: | $231.08 for salesforce, $216.45 for Boeing, $51.45 for Uber
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| Coupon barrier levels: | 65% of initial share prices
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| Trigger prices: | 55% of initial share prices
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| Pricing date: | Feb. 25
|
| Settlement date: | March 2
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.375%
|
| Cusip: | 40057FK78
|
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