By Wendy Van Sickle
Columbus, Ohio, May 4 – GS Finance Corp. priced $1 million of autocallable contingent coupon notes due May 5, 2022 linked to the S&P MidCap 400 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 semiannual coupon at an annual rate of 7% if the index closes at or above 80% of its initial level on the review date for that period.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any review date.
The payout at maturity will be par plus the final coupon, if any, unless the index falls by more than 25%. Investors will lose 1% for each 1% decline from the initial level if the index falls below the 75% trigger level.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying index: | S&P MidCap 400
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| Amount: | $1 million
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| Maturity: | May 5, 2022
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| Contingent coupon: | Contingent semiannual coupon of 7% per year if index closes at or above 80% barrier level on the determination date for that period
|
| Price: | Par
|
| Payout at maturity: | If return of index is greater than negative 25%, par plus contingent coupon; otherwise 1% loss for each 1% decline of index
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| Call: | Automatically at par plus contingent coupon if index closes at or above initial level on any determination date
|
| Initial index level: | 1,737.37
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| Barrier level: | 1,389.896; 80% of initial level
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| Pricing date: | May 1
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| Settlement date: | May 4
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 0.35%
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| Cusip: | 40054LAH7
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