Chicago, Sept. 14 – GS Finance Corp. priced $2.7 million of callable contingent coupon equity-linked notes due May 3, 2023 linked to the shares 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 of $26.35 per $1,000 note on each of the first two quarterly coupon payment dates if the stock closes above 65% of its initial level or $17.566 on the final coupon payment date.
The notes are callable at par plus any contingent coupon otherwise due on either of the first two quarterly observation dates.
If the notes are not called, the payout at maturity will be par unless the shares finish below the 65% trigger buffer level, in which case investors will be fully exposed to decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon equity-linked notes
|
| Underlying stock: | FedEx Corp.
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| Amount: | $2,700,000
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| Maturity: | May 3, 2023
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| Coupon: | Quarterly coupon if stock closes above coupon barrier level; $26.35 on first two quarterly coupon payment dates; $17.566 on third quarterly coupon payment date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless shares finish below trigger buffer level, in which case investors will be fully exposed to decline
|
| Call: | At par plus any coupon due on either of the first two quarterly call observation dates
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| Initial share price: | $218.16
|
| Coupon barrier price: | 65% of initial share price
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| Trigger buffer level: | 65% of initial share price
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| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057MW47
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