By Wendy Van Sickle
Columbus, Ohio, Feb. 3 – GS Finance Corp. priced $3.52 million of contingent income autocallable securities due Feb. 1, 2019 linked to the common stock of the Walt Disney Co., according to a 424B2 filed with Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a quarterly coupon of 9.5% per year if Disney shares close above the 80% downside threshold level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if Disney shares close at or above their initial level on any quarterly determination date other than the final one.
The payout at maturity will be par plus the contingent coupon unless the shares close below the 80% threshold level in which case investors will be fully exposed to the loss.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Walt Disney Co. (Symbol: DIS)
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| Amount: | $3,523,500
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| Maturity: | Feb. 1, 2019
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| Coupon: | 9.5% per year, payable quarterly if Disney shares close at or above downside threshold level on determination date for that quarter
|
| Price: | Par of $10.00
|
| Payout at maturity: | If final share price is greater than or equal to downside threshold level, par plus final contingent coupon; otherwise, full exposure to decline in Disney shares
|
| Call: | At par plus contingent coupon if Disney shares close at or above initial level on any quarterly determination date other than final determination date
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| Initial share price: | $95.82
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| Downside threshold: | $76.656, 80% of initial share price
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 3
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 2.675%
|
| Cusip: | 36250E282
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