By Kiku Steinfeld
Chicago, June 14 – GS Finance Corp. priced $2.87 million of autocallable contingent coupon equity-linked notes due May 25, 2027linked to the common stocks of Boeing Co., Amazon.com, Inc. and Apple Inc. and Facebook, 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 at an annual rate of 13.5% if each stock closes above its coupon barrier price, 70% of its initial price, on a related determination date.
The notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly call observation date after six quarters.
If the notes are not called and the final share price of each stock is greater than or equal to its final barrier price, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the share price of the least performing stock.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stocks: | Boeing Co., Amazon.com, Inc. and Apple Inc. and Facebook, Inc.
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| Amount: | $2,869,000
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| Maturity: | May 25, 2027
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| Coupon: | 13.5% annual rate; payable quarterly if closing price of each stock is greater than or equal to coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if each stock closes at or above 70% of its initial share price; otherwise, full exposure to decline of least performing stock
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| Call: | At par if closing share price of least performing stock is greater than or equal to its initial share price on any quarterly observation date after six quarters
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| Initial share prices: | $124.85 for Apple, $3,232.28 for Amazon, $227.55 for Boeing and $309.96 for Facebook
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| Coupon barrier prices: | 70% of initial levels
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| Final barrier prices: | 70% of initial levels
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| Pricing date: | May 18
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| Settlement date: | May 21
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 40057HBL3
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