By Sarah Lizee
Olympia, Wash., June 29 – GS Finance Corp. priced $1.07 million of autocallable contingent coupon stock-linked notes due June 26, 2023 tied to the common stock of Beyond Meat, 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 of 18.25% per annum if the stock closes at or above its 50% coupon trigger level on the related determination date.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly determination date after one year.
The payout at maturity will be par unless the stock finishes below the 50% trigger level, in which case investors will lose 1% for every 1% decline of the stock.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon stock-linked notes
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| Underlying stock: | Beyond Meat, Inc.
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| Amount: | $1,072,000
|
| Maturity: | June 26, 2023
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| Coupon: | 18.25% per year, payable each quarter that stock closes at or above its coupon trigger level on the related determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below trigger level, in which case investors will lose 1% for every 1% decline of the stock
|
| Call: | At par plus the contingent coupon if stock closes at or above its initial level on any quarterly determination date after one year
|
| Initial level: | $158.28
|
| Coupon trigger: | 50% of initial level
|
| Trigger level: | 50% of initial level
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| Pricing date: | June 19
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| Settlement date: | June 26
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 40057CBN0
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