By Marisa Wong
Morgantown, W.Va., Aug. 19 – Goldman Sachs Group, Inc. priced $1.61 million of autocallable contingent coupon equity-linked notes due Aug. 31, 2016 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at an annualized rate of 13.35% if Facebook stock closes at or above the barrier price, 75% of the initial price, on the valuation date for that quarter.
The notes will be automatically called at par plus the contingent coupon if Facebook shares close at or above the initial share price on any quarterly valuation date.
If the final share price is greater than or equal to the barrier price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline in the share price.
Goldman Sachs & Co. and J.P. Morgan Securities LLC are the agents.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked notes
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| Underlying stock: | Facebook, Inc. (Symbol: FB)
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| Amount: | $1,612,000
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| Maturity: | Aug. 31, 2016
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| Coupon: | 13.35%, payable quarterly if Facebook stock closes at or above barrier price, 75% of initial share price, on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | If final share price is at least 75% of initial share price, par plus contingent coupon; otherwise, full exposure to decline in share price
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| Call: | Automatically at par plus contingent coupon if Facebook shares close at or above initial share price on any quarterly valuation date
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| Initial share price: | $94.42
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| Pricing date: | Aug. 14
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| Settlement date: | Aug. 19
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| Agents: | Goldman Sachs & Co. and J.P. Morgan Securities LLC
|
| Fees: | 1.1%
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| Cusip: | 38148TC23
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