By Wendy Van Sickle
Columbus, Ohio, Sept. 17 – GS Finance Corp. priced $625,000 of autocallable contingent coupon notes due Sept. 18, 2019 linked to the S&P Oil & Gas Exploration & Production Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10% if the index closes at or above its 74.45% coupon barrier on the observation date for that quarter, in which case the notes will also pay a coupon for any previous quarter during the life of the notes for which no coupon was paid.
The notes will be called at par if the index closes at or above its initial level on any review date.
The payout at maturity will be par unless the index finishes below its 74.5% trigger level, in which case investors will be fully exposed to any losses of the index.
The guarantor is 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: | Autocallable contingent coupon notes
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| Underlying index: | S&P Oil & Gas Exploration & Production Select Industry
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| Amount: | $625,000
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| Maturity: | Sept. 18, 2019
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| Coupon: | 10% annualized, payable quarterly if index closes at or above 74.5% coupon barrier on review date for that quarter, in which case notes will also pay a coupon for any previous quarter during life of notes for which no coupon was paid
|
| Price: | Par
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| Payout at maturity: | Par unless index finishes below its 74.5% trigger level; otherwise, 1% loss for each 1% decline
|
| Call: | At par if index closes at or above its initial level on any quarterly call review date
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| Initial level: | 6,440.72
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.1%
|
| Cusip: | 40055QVN9
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