By Wendy Van Sickle
Columbus, Ohio, Jan. 10 – GS Finance Corp. priced $2.42 million of autocallable contingent coupon equity-linked notes due Jan. 18, 2022 linked to the least performing of the common stocks of Facebook, Inc., Costco Wholesale Corp. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 16.2% if each underlying stock closes at or above its 65% coupon barrier on the observation date for that period.
The notes will be called at par plus the coupon if each stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon unless any stock finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked notes
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| Underlying stocks: | Facebook, Inc., Costco Wholesale Corp. and Netflix, Inc.
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| Amount: | $2,422,000
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| Maturity: | Jan. 18, 2022
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| Coupon: | 16.2% annualized, payable quarterly if each stock closes at or above 65% coupon barrier on observation date for that period
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above 65% trigger level, par plus coupon; otherwise, 1% loss for each 1% decline of worst performing stock
|
| Call: | At par plus coupon if each stock closes at or above its initial level on any quarterly observation date after six months
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| Initial prices: | $215.22 for Facebook, $339.26 for Netflix, $294.69 for Costco
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| Coupon barrier levels: | 65% of initial prices
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| Trigger levels: | 65% of initial prices
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| Pricing date: | Jan. 8
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| Settlement date: | Jan. 15
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| Agent: | Goldman Sachs & Co.
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| Fees: | 0.175%
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| Cusip: | 40056YA87
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