By Wendy Van Sickle
Columbus, Ohio, June 8 – GS Finance Corp. priced $10.12 million of autocallable contingent coupon equity-linked notes due July 11, 2022 linked to the common stock of Zillow Group, 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 monthly coupon of 12.1% per annum if the stock closes at or above its 59% 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 monthly determination date after six months.
The payout at maturity will be par unless the stock finishes below the 59% 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.
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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 stock: | Zillow Group, Inc.
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| Amount: | $10,118,000
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| Maturity: | July 11, 2022
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| Coupon: | 12.1% per year, payable each month that stock closes at or above its coupon trigger level on the related determination date
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| Price: | Par
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| 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
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| Call: | At par plus the contingent coupon if stock closes at or above its initial level on any monthly determination date after six months
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| Initial level: | $113.56
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| Coupon trigger level: | 59% of initial level
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| Trigger level: | 59% of initial level
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| Pricing date: | June 1
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| Settlement date: | June 4
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 2.15%
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| Cusip: | 40057HFD7
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