By Wendy Van Sickle
Columbus, Ohio, Jan. 26 – GS Finance Corp. priced $1.61 million of autocallable contingent coupon notes due Jan. 31, 2022 linked to the S&P 500 index and the Russell 2000 index, 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 annual rate of 6.1% if each index closes at or above its 70% coupon barrier level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date after one year.
The payout at maturity will be par plus the final coupon, if any, unless either index finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,606,000
|
| Maturity: | Jan. 31, 2022
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| Contingent coupon: | 6.1% annualized, payable quarterly if each index closes at or above 70% coupon barrier level on determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either index falls by more than 40%, in which case full exposure to any losses of worse performing index
|
| Call: | At par plus contingent coupon if each index closes at or above initial levels on any quarterly determination date after one year
|
| Initial levels: | 2,280.07 for S&P and 1,369.210 for Russell
|
| Coupon barriers: | 1,596.049 for S&P, 958.447 for Russell; 70% of initial levels
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| Trigger levels: | 60% of initial levels
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 27
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 4.225%
|
| Cusip: | 40054KUC8
|
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