By Kiku Steinfeld
Chicago, Aug. 5 – GS Finance Corp. priced $1.93 million of autocallable contingent coupon equity-linked securities due July 23, 2024 linked to the common stocks of salesforce.com, inc. and DocuSign, 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 quarterly coupon at a yearly rate of 9.3% if each stock closes above the coupon barrier price, 55% of its initial price, on the observation date for that quarter.
The notes will be automatically called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly call observation date after six months.
If the notes are not called and the final share price of each stock is greater than or equal its trigger price, 55% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline in the share price of the least performing stock.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stocks: | salesforce.com, inc. and DocuSign, Inc.
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| Amount: | $1,925,000
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| Maturity: | July 23, 2024
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| Coupon: | 9.3% per year, payable quarterly if closing price of each stock is greater than or equal to 55% of its initial share price on any quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par if each stock closes at or above its trigger price; otherwise, full exposure to decline of least performing stock
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| Call: | At par if closing share price of each stock is greater than or equal to initial share price on any quarterly observation date after six months
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| Initial share prices: | $238.43 for salesforce and $282.05 for DocuSign
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| Coupon barrier prices: | 55% of initial share prices
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| Trigger prices: | 55% of initial share prices
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| Pricing date: | July 16
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| Settlement date: | July 23
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 40057HVG2
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