New York, May 18 – GS Finance Corp. priced $1.22 million of contingent income autocallable securities due May 16, 2025 linked to the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent quarterly coupon at a 15% annual rate if the stock closes at or above its downside threshold on the related observation date.
The securities will be called at par plus the coupon if the stock closes at or above its initial level, on any determination date starting Aug. 15.
At maturity, the payout will be par unless the stock closes below its 50% downside threshold, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Wynn Resorts, Ltd.
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| Amount: | $1,217,260
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| Maturity: | May 16, 2025
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| Coupon: | 15% per year, payable quarterly if the stock closes at or above its downside threshold on the related observation date
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless the stock closes below its downside threshold level, in which case investors will be fully exposed to the decline in the underlying stock
|
| Call: | At par plus coupon if the stock closes at or above its initial level, starting Aug. 15 and on any subsequent determination date
|
| Initial level: | $66.27
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| Downside threshold: | $33.135, 50% of initial level
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| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 36263Q298
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