By Tali Rackner
Minneapolis, April 30 – GS Finance Corp. priced $2.19 million of autocallable contingent coupon notes due April 20, 2020 linked to the common stocks of BlackRock, Inc., Boeing Co. and Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a contingent quarterly coupon at an annual rate of 16% if each stock closes at or above 65% of its initial level on the related quarterly observation date.
The notes will be automatically called at par if each stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon unless any stock finishes below 65% of its initial level, in which case the payout will be par plus the return of the least-performing stock with full exposure to losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying stocks: | BlackRock, Inc. (Symbol: BLK), Boeing Co. (Symbol: BA), Valero Energy Corp. (Symbol: VLO)
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| Amount: | $2,185,000
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| Maturity: | April 20, 2020
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| Coupon: | 16%, payable each quarter that each stock closes at or above 65% of its initial level on related observation date
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| Price: | Par
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| Payout at maturity: | Par plus final coupon, unless any stock finishes below 65% of its initial level, in which case par plus the return of the least-performing stock with full exposure to losses
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| Call: | At par if each stock closes above initial level on any quarterly observation date after six months
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| Initial prices: | $533.96 for BlackRock, $334.84 for Boeing and $98.89 for Valero
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| Pricing date: | April 12
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| Settlement date: | April 19
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 1.675%
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| Cusip: | 40055AY27
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