By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – GS Finance Corp. priced $778,000 of autocallable contingent coupon equity-linked securities due March 30, 2022 linked to the common stock of Amazon.com, 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 monthly coupon at an annual 9% rate if the stock closes above the coupon barrier price, 72% of the initial price, on the observation date for that month.
The notes will be automatically called at par plus the contingent coupon if the stock closes at or above its initial share price on any monthly call observation date starting June 2021.
If the notes are not called and the final share price of the stock is greater than or equal to the trigger price, 72% of its initial level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline of the share price of the stock.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $778,000
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| Maturity: | March 30, 2022
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| Coupon: | 9%, payable monthly if closing price of stock is greater than or equal to 72% of initial share price on any monthly observation date
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if stock closes at or above 72% of its initial share price; otherwise, full exposure to decline of stock
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| Call: | At par plus contingent coupon if closing share price of stock is greater than or equal to initial share price on any monthly observation date starting June 2021
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| Initial share prices: | $3,185.27
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| Coupon barrier/trigger prices: | 72% of initial share prices
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.85%
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| Cusip: | 40057EVU8
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