By Kiku Steinfeld
Chicago, July 18 – GS Finance Corp. priced $1.28 million of autocallable contingent coupon equity-linked securities due Jan. 2, 2024 linked to the common stock of FedEx Corp., 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 at an annualized rate of 9.75% if the stock closes at or above the coupon barrier price, 80% of the initial price, on the valuation date for that period. Previously unpaid coupons, if any, will be paid whenever a coupon is payable.
The notes will be automatically called at par if the stock closes at or above the initial share price on any quarterly valuation date.
If the notes are not called and the final share price is greater than or equal to the 80% final barrier price, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the stock.
Goldman Sachs & Co. LLC is the agent and JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stocks: | FedEx Corp.
|
| Amount: | $1,278,000
|
| Maturity: | Jan. 2, 2024
|
| Coupon: | 9.75% annually, payable quarterly, if stock closes at or above coupon barrier price on valuation date for that period; coupon payment events will include any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final share price is greater than or equal to final barrier price, par; otherwise, full exposure to decline in the stock
|
| Call: | Automatically at par if stock closes at or above initial level on any quarterly valuation date
|
| Initial share price: | $164.39
|
| Coupon barrier level: | 80% of initial level
|
| Final barrier level: | 80% of initial level
|
| Pricing date: | Dec. 28, 2021
|
| Settlement date: | Dec. 31, 2021
|
| Agents: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.5%
|
| Cusip: | 40057KN74
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
