By Wendy Van Sickle
Columbus, Ohio, May 20 – GS Finance Corp. priced $500,000 of autocallable contingent coupon notes due May 18, 2020 linked to the common stocks of Amazon.com, Inc., Facebook.inc and Micron Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at an annual rate of 12% if each stock closes at or above its coupon trigger level, 70% of its initial level, on the observation date for that quarter.
The notes will be automatically called at par if each stock closes at or above its initial level on any coupon determination date.
The payout at maturity will be par plus the final coupon, if any, unless any stock finishes below 50% of its initial level, in which case investors will be fully exposed to the decline of the worst-performing stock.
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: | Autocallable contingent coupon notes
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| Underlying stocks: | Amazon.com, Inc., Facebook.inc and Micron Technology, Inc.
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| Amount: | $500,000
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| Maturity: | May 18, 2020
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| Coupon: | 12%, payable quarterly if each stock closes at or above 70% coupon trigger level on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus any coupon unless any stock finishes below 50% of initial level, in which case full exposure to decline of worst-performing stock
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| Call: | Automatically at par if each stock closes at or above initial levels on any coupon determination date
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| Initial levels: | $1,822.68 for Amazon, $181.54 for Facebook and $37.38 for Micron
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| Pricing date: | May 14
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| Settlement date: | May 17
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.1%
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| Cusip: | 40056FHQ1
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