By Kiku Steinfeld
Chicago, Sept. 13 – GS Finance Corp. priced $2.85 million of callable contingent coupon equity-linked notes due Sept. 6, 2023 linked to the shares of FedEx Corp., according to a 424B2 filing with the Notes and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon at an annualized rate of 10% if the stock closes at or above the coupon barrier price, 75% of the initial price, on the valuation date for that period.
The notes are callable at par plus any contingent coupon on any quarterly call valuation date.
If the notes are not called, the payout at maturity will be par unless the stock finishes below the 75% barrier level, in which case investors will be fully exposed to its decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon equity-linked notes
|
| Underlying stock: | FedEx Corp.
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| Amount: | $2,845,000
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| Maturity: | Sept. 6, 2023
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| Coupon: | 10% per year, payable quarterly if closing price of stock is greater than or equal to coupon barrier price on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless stock finishes below barrier level, in which case investors will be fully exposed to its decline
|
| Call: | At par plus any contingent coupon on any quarterly call valuation date
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| Initial share price: | $265.69
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| Coupon barrier price: | 75% of initial share price
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| Barrier level: | 75% of initial share price
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 3
|
| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.5%
|
| Cusip: | 40057JGQ3
|
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