By Wendy Van Sickle
Columbus, Ohio, Nov. 9 – GS Finance Corp. priced $1.37 million of autocallable contingent coupon notes due Dec. 12, 2022 linked to the common stock of Uber Technologies, 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 rate of 10.5% if the stock closes at or above the 69% downside threshold on the related determination date.
The notes will be called at par of $10 plus the contingent coupon if the stock closes at or above its initial price on any monthly determination date after six months.
The payout at maturity will be par plus the final coupon unless the stock finishes below its 69% downside threshold, in which case investors will lose 1% for each 1% share price decline.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying stock: | Uber Technologies, Inc.
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| Amount: | $1,371,000
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| Maturity: | Dec. 12, 2022
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| Coupon: | 10.5% annual rate, payable monthly if stock closes at or above downside threshold level on determination date for that period
|
| Price: | Par of $10
|
| Payout at maturity: | If stock finishes at or above downside threshold, par plus final coupon; otherwise, full exposure to share price decline
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| Call: | At par plus contingent coupon if stock closes at or above initial price on any monthly determination date after six months
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| Initial share price: | $45.27
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| Downside threshold: | 69% of initial price
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| Pricing date: | Nov. 4
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| Settlement date: | Nov. 9
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| Agent: | Goldman Sachs & Co.
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| Fees: | 2.15%
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| Cusip: | 40057JYG5
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