By Sarah Lizee
Olympia, Wash., Oct. 23 – GS Finance Corp. priced $1.08 million of autocallable contingent coupon notes due Oct. 26, 2021 linked to the least performing of the common stocks of Beacon Roofing Supply, Inc., Willis Towers Watson plc and Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 19.25% if each underlying stock closes at or above its 60% coupon barrier on the observation date for that period.
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 60% 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying stocks: | Beacon Roofing Supply, Inc., Willis Towers Watson plc and Alibaba Group Holding Ltd.
|
| Amount: | $1,076,000
|
| Maturity: | Oct. 26, 2021
|
| Coupon: | 19.25% annualized, payable quarterly if each stock closes at or above 60% coupon barrier on review date for that period
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes at or above 60% 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 quarterly call review date after six months
|
| Initial levels: | $29.62 for Beacon, $139.98 for Willis and $142.93 for Alibaba
|
| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 26
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 40056EB56
|
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