By Wendy Van Sickle
Columbus, Ohio, May 17 – GS Finance Corp. priced $1.51 million of autocallable contingent coupon equity-linked notes due May 21, 2020 linked to the least performing of the common stocks of Wynn Resorts, Ltd., Morgan Stanley and Pioneer Natural Resources Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 19% if each stock closes at or above its 65% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly call observation date after six months.
The payout at maturity will be par unless any stock finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked notes
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| Underlying assets: | Wynn Resorts, Ltd., Morgan Stanley and Pioneer Natural Resources Co.
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| Amount: | $1,508,000
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| Maturity: | May 21, 2020
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| Coupon: | 19% annualized, payable quarterly if each stock closes at or above 65% coupon barrier on observation date
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| Price: | Par
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| Payout at maturity: | Par unless any stock finishes below 65% trigger, in which case 1% loss per 1% decline of worst performing stock
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| Call: | At par if each stock closes at or above initial level on any quarterly call observation date after six months
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| Initial levels: | $201.51 for Wynn, $55.04 for Morgan Stanley and $203.19 for Pioneer
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| Pricing date: | May 14
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| Settlement date: | May 17
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.175%
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| Cusip: | 40055Q7C0
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