By Kiku Steinfeld
Chicago, Oct. 8 – GS Finance Corp. priced $526,000 of callable contingent coupon equity-linked notes due July 6, 2021 linked to the common stocks of Amazon.com, Inc., Facebook, Inc. and Nvidia Corp., 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 plus any previously paid coupons at a yearly rate of 17.85% if each stock closes at or above its coupon barrier price, 85% of the initial price, on the determination date for that quarter.
The notes may be called at par plus any coupon due on any quarterly call valuation date.
If the notes are not called and each stock closes at or above its barrier price, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline in the share price of the least performing stock beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon equity-linked notes
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| Underlying stocks: | Amazon.com, Inc., Facebook, Inc. and Nvidia Corp.
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| Amount: | $526,000
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| Maturity: | July 6, 2021
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| Coupon: | 17.85% per year, payable quarterly plus any previously paid coupons if each stock closes at or above coupon barrier price for that period
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| Price: | Par
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| Payout at maturity: | Par if each stock closes at or above barrier price; otherwise, full exposure to decline of least performing stock beyond 15%
|
| Call option: | At par plus any coupon due on any quarterly call valuation date
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| Initial share prices: | $3,148.73 for Amazon.com, $261.90 for Facebook and $541.22 for Nvidia
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| Coupon barrier prices: | 85% of initial share prices
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| Barrier prices: | 70% of initial share prices
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 1.55%
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| Cusip: | 40057CYL9
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