By Wendy Van Sickle
Columbus, Ohio, June 15 – GS Finance Corp. priced $988,000 of autocallable contingent coupon notes due June 20, 2022 linked to the common stocks of Apple Inc. and Microsoft Corp. and the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a contingent quarterly coupon at an annual rate of 8.6% if each stock closes at or above its 60% coupon trigger level on the related observation date.
The notes will be called automatically at par if each stock closes at or above its initial level on any quarterly call observation date after six months.
If each stock finishes at or above 60% of its initial level, the payout at maturity will be par.
Otherwise, the payout will be par plus the return of the least-performing stock with full exposure to losses.
Goldman Sachs & Co. is the underwriter.
| 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., Microsoft Corp. and Facebook, Inc.
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| Amount: | $988,000
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| Maturity: | June 20, 2022
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| Coupon: | 8.6%, payable each quarter that each stock closes at or above 60% coupon trigger on related observation date
|
| Price: | Par
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| Payout at maturity: | Par plus final coupon if each stock finishes at or above 60% of its initial level; otherwise, par plus the return of the least-performing stock with full exposure to losses
|
| Call option: | Notes will be called automatically at par if each stock closes at or above initial level on any quarterly observation date after six months
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| Initial levels: | $192.28 for Apple, $192.40 for Facebook and $101.31 for Microsoft
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| Coupon triggers: | 60% of initial levels
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| Pricing date: | June 12
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| Settlement date: | June 15
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 2.55%
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| Cusip: | 40055QEG3
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