By Kiku Steinfeld
Chicago, July 6 – GS Finance Corp. priced $1.7 million of autocallable contingent coupon equity-linked securities due July 8, 2024 linked to the common stock of salesforce.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 quarterly coupon at an annual rate of 8.3% if the stock closes at or above the coupon barrier price, 80% of the initial price, on the valuation date for that period.
After six months, the notes will be automatically called at par plus the contingent coupon if the stock closes at or above the initial share price on any quarterly valuation date.
If the notes are not called and the final share price is greater than or equal to the 80% final barrier price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the stock price.
Goldman Sachs & Co. LLC is the agent.
| 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: | salesforce.com, inc.
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| Amount: | $1.7 million
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| Maturity: | July 8, 2024
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| Coupon: | 8.3% annual rate, payable quarterly if stock closes above coupon barrier level on valuation date for that quarter
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| Price: | Par
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| Payout at maturity: | If notes are not called and final share price is greater than or equal to final barrier price, par; otherwise, full exposure to stock’s decline
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| Call: | Automatically at par plus contingent coupon if stock closes at or above initial level on any quarterly valuation date after six months
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| Initial share price: | $244.57
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| Coupon barrier level: | 80% of initial level
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| Final barrier level: | 80% of initial level
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| Pricing date: | June 28
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| Settlement date: | June 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.45%
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| Cusip: | 40057HQS2
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