By Wendy Van Sickle
Columbus, Ohio, Jan. 28 – GS Finance Corp. priced $900,000 of autocallable contingent coupon ETF-linked notes due July 29, 2022 linked to the iShares MSCI Brazil ETF, 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 quarterly coupon of 10.1% per annum if the ETF closes at or above its 80% coupon trigger level on the related quarterly determination date.
After one year, the notes will be called at par plus the contingent coupon if the ETF closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless the ETF finishes below 80% trigger level, in which case investors will lose 1% for every 1% decline of the ETF.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon ETF-linked notes
|
| Underlying ETF: | iShares MSCI Brazil ETF
|
| Amount: | $900,000
|
| Maturity: | July 29, 2022
|
| Coupon: | 10.1% per year, payable each quarter that ETF closes at or above its 80% coupon trigger level on the related quarterly determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless the ETF finishes below 80% trigger level, in which case investors will lose 1% for every 1% decline of the ETF
|
| Call: | At par plus the contingent coupon if ETF closes at or above its initial level on any quarterly determination date after a year
|
| Initial price: | $46.51
|
| Coupon trigger/trigger: | $37.208, 80% of initial price
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 29
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.675%
|
| Cusip: | 40056YCE9
|
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