By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – GS Finance Corp. priced $998,000 of autocallable contingent coupon stock-linked notes due May 14, 2021 linked to the 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 will pay a contingent quarterly coupon of 10.35% per annum if the stock closes at or above its 72.5% coupon trigger level on the related quarterly determination date.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly determination date after six months.
The payout at maturity will be par unless the stock finishes below its initial level and ever closes below the 72.5% trigger level during the life of the notes, in which case investors will lose 1% for every 1% decline of the stock.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon stock-linked notes
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| Underlying stock: | Facebook, Inc.
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| Amount: | $998,000
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| Maturity: | May 14, 2021
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| Coupon: | 10.35% per year, payable each quarter that stock closes at or above its coupon trigger level on the related quarterly determination date
|
| Price: | Par
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| Payout at maturity: | Par unless the stock finishes below initial level and ever closes below trigger level, in which case investors will lose 1% for every 1% decline of the stock
|
| Call: | At par plus the contingent coupon if stock closes at or above its initial level on any quarterly determination date after six months
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| Initial level: | $212.33
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| Coupon trigger: | 72.5% of initial level
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| Trigger level: | 72.5% of initial level
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 12
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.85%
|
| Cusip: | 40056YDH4
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