By Kiku Steinfeld
Chicago, May 18 – GS Finance Corp. priced $1.63 of autocallable contingent coupon stock-linked notes due May 12, 2022 linked to the common stock of Visa 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 quarterly coupon of 11.9% per annum if the stock closes at or above its 75% coupon trigger level on the related determination date.
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 after six months.
The payout at maturity will be par unless the stock finishes below the 75% trigger level, in which case investors will lose 1% for every 1% decline of the stock.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon stock-linked notes
|
| Underlying stock: | Visa Inc.
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| Amount: | $1,628,000
|
| Maturity: | May 12, 2022
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| Coupon: | 11.9% per year, payable each quarter that stock closes at or above its coupon trigger level on the related determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below trigger level, in which case investors will lose 1% for every 1% decline of the stock
|
| Call: | At par plus the contingent coupon if stock closes at or above its initial level on any quarterly determination date after six months
|
| Initial level: | $185.09
|
| Coupon trigger: | 75% of initial level
|
| Trigger level: | 75% of initial level
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| Pricing date: | May 8
|
| Settlement date: | May 13
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.9%
|
| Cusip: | 40057EBA4
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