By Wendy Van Sickle
Columbus, Ohio, Sept. 17 – GS Finance Corp. priced $928,000 of autocallable contingent coupon notes due Sept. 13, 2022 linked to the least performing of the common stocks of Alaska Air Group, Inc., Netflix, Inc. and Splunk Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 19.75% if each underlying stock closes at or above its 65% coupon barrier on the observation date for that quarter.
The notes will be called at par if each stock closes at or above its initial level on any quarterly call review date after six months.
The payout at maturity will be par plus the final coupon, if any, unless any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
The guarantor is Goldman Sachs Group, Inc.
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 notes
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| Underlying stocks: | Alaska Air Group, Inc., Netflix, Inc. and Splunk Inc.
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| Amount: | $928,000
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| Maturity: | Sept. 13, 2022
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| Coupon: | 19.75% annualized, payable monthly if each stock closes at or above 65% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | If each stock finishes below 60% trigger level, par plus final coupon, if any; otherwise, 1% loss for each 1% decline of worst performing index
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| Call: | At par if each stock closes at or above its initial level on any quarterly call review date after six months
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| Initial levels: | $67.04 for Alaska Air, $346.46 for Netflix and $123.43 for Splunk
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| Coupon barriers: | 65% of initial levels
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Sept. 6
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| Settlement date: | Sept. 13
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 2.55%
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| Cusip: | 40055QXW7
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