By Wendy Van Sickle
Columbus, Ohio, June 12 – GS Finance Corp. priced $987,000 of autocallable contingent coupon notes due June 7, 2022 linked to the common stocks of Applied Materials, Inc., Boeing Co. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a contingent monthly coupon at an annual rate of 17% if each stock closes at or above its 65% coupon trigger level on the related observation date.
The notes will be called automatically at par if each stock closes at or above its initial level on any quarterly call observation date after six months.
If each stock finishes at or above 60% of its initial level, the payout at maturity will be par plus the final coupon, if any.
Otherwise, the payout will be par plus the return of the least-performing stock with full exposure to losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying stocks: | Applied Materials, Inc., Boeing Co. and Netflix, Inc.
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| Amount: | $987,000
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| Maturity: | June 7, 2022
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| Coupon: | 17%, payable each month that each stock closes at or above 65% coupon trigger on related observation date
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| Price: | Par
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| Payout at maturity: | Par plus final coupon, if any, if each stock finishes at or above 60% of its initial level; otherwise, par plus the return of the least-performing stock with full exposure to losses
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| Call option: | Notes will be called automatically at par if each stock closes at or above initial level on any quarterly call observation date after six months
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| Initial levels: | $50.78 for Applied Materials, $352.16 for Boeing and $351.60 for Netflix
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| Coupon triggers: | 65% of initial levels
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| Pricing date: | May 31
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| Settlement date: | June 7
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 2.55%
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| Cusip: | 40055QCF7
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