By Sarah Lizee
Olympia, Wash., March 25 – GS Finance Corp. priced $1.4 million of autocallable contingent coupon notes due March 26, 2024 linked to the least performing of the common stocks of Broadcom Inc., Splunk Inc. and Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 17.2% if each underlying stock closes at or above its 60% coupon barrier on the observation date for that month.
Beginning December 2019, the notes will be called at par if each stock closes at or above its initial level on any monthly review date.
The payout at maturity will be par unless either stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worse performing stock.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying stocks: | Broadcom Inc., Splunk Inc. and Boeing Co.
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| Amount: | $1.4 million
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| Maturity: | March 26, 2024
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| Coupon: | 17.2% annualized, payable monthly if each stock closes at or above 60% coupon barrier on applicable monthly review date
|
| Price: | Par
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| Payout at maturity: | If each stock finishes at or above 50% 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 monthly review date
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| Initial levels: | $296.80 for Broadcom, $372.70 for Boeing and $132.47 for Splunk
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| Pricing date: | March 21
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| Settlement date: | March 26
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| Agent: | Goldman Sachs & Co.
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| Fees: | 1.35%
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| Cusip: | 40056F4A0
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