Chicago, May 19 – GS Finance Corp. priced $2.46 million of callable contingent coupon equity-linked notes due May 15, 2025 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.85%, paid quarterly, if the stock closes above the 65% coupon trigger price on the related observation date.
The securities may be called at par starting after six months and on any subsequent quarterly coupon payment date.
If the stock gains or ends above its 65% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon equity-linked notes
|
| Underlying stock: | Boeing Co.
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| Amount: | $2,463,000
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| Maturity: | May 15, 2025
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| Coupon: | 13.85% annual rate, payable quarterly if stock closes above coupon trigger price on related observation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
|
| Call: | At par starting after six months and on any subsequent quarterly coupon payment date
|
| Initial level: | $200.70
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| Coupon trigger price: | 65% of initial level
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| Downside threshold: | 65% of initial level
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| Pricing date: | May 12
|
| Settlement date: | May 17
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.75%
|
| Cusip: | 40057RUT3
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