By Wendy Van Sickle
Columbus, Ohio, Aug. 20 – GS Finance Corp. priced $1.07 million of autocallable contingent coupon notes due Aug. 16, 2022 linked to the least performing of the common stocks of Chevron Corp., Apple Inc. and salesforce.com, inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.05% if each underlying stock closes at or above its 60% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any review date after six months.
The payout at maturity will be par unless any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC 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: | Apple Inc., Chevron Corp. and salesforce.com, inc.
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| Amount: | $1,065,000
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| Maturity: | Aug. 16, 2022
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| Coupon: | 9.05% annualized, payable quarterly if each stock closes at or above 60% coupon barrier on review date for that quarter
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| Price: | Par
|
| Payout at maturity: | If each stock finishes below 60% trigger level, par; otherwise, 1% loss for each 1% decline of worst performing index
|
| Call: | At par if each stock closes at or above its initial level on any quarterly review date after six months
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| Initial levels: | $208.88 for Apple, $122.53 for Chevron and $145.82 for salesforce
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| Coupon barriers: | 65% of initial levels
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Aug. 9
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| Settlement date: | Aug. 16
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.55%
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| Cusip: | 40055QSW3
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