By Sarah Lizee
Olympia, Wash., Dec. 31 – GS Finance Corp. priced $41,000 of autocallable contingent coupon notes due Dec. 30, 2021 linked to 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 of 5.5% per annum if the index closes at or above its 75% coupon trigger level on the determination date for that quarter.
Beginning in June 2020, the notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly determination date.
The payout will be par unless the index finishes below its initial level and has ever closed below 75% of its initial level, in which case investors will be fully exposed to the decline of the index.
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 index: | Russell 2000
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| Amount: | $41,000
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| Maturity: | Dec. 30, 2021
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| Contingent coupon: | 5.5% annualized, payable quarterly if index closes at or above 75% coupon trigger level on the determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless the index finishes below its initial level and has ever closed below 75% of its initial level, in which case investors will be fully exposed to the decline of the index
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| Call: | Automatically at par plus contingent coupon if index closes at or above initial level on any quarterly call observation date beginning in June 2020
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| Initial index level: | 1,674.141
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 27
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 2.6%
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| Cusip: | 40056XUC8
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