By Wendy Van Sickle
Columbus, Ohio, Jan. 10 – GS Finance Corp. priced $1.15 million of autocallable contingent coupon notes due Jan. 5, 2021 linked to the least performing of the common stocks of Wynn Resorts, Ltd., Apple Inc. and PayPal Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 27.5% if each underlying 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 review 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 guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| 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: | Wynn Resorts, Ltd., Apple Inc. and PayPal Holdings, Inc.
|
| Amount: | $1,145,000
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| Maturity: | Jan. 5, 2021
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| Coupon: | 27.5% annualized, payable quarterly if each stock closes at or above 65% coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes at or above 65% trigger level, par; otherwise, 1% loss for each 1% decline of worst performing stock
|
| Call: | At par if each stock closes at or above its initial level on any review date after six months
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| Initial levels: | $98.12 for Wynn, $156.15 for Apple and $84.31 for PayPal
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| Pricing date: | Dec. 31
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| Settlement date: | Jan. 3
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.675%
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| Cusip: | 40056EQHJ0
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