By Kiku Steinfeld
Chicago, Feb. 17 – GS Finance Corp. priced $761,000 of autocallable contingent coupon notes due Aug. 6, 2021 linked to the SPDR S&P Biotech exchange-traded fund and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, 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 monthly coupon of 15.7008% per annum if each asset closes at or above its 70% coupon barrier level on the related observation date.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any monthly review date after six months.
The payout at maturity will be par plus the final coupon, unless any asset ever finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the least-performing asset.
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 assets: | SPDR S&P Biotech ETF and SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $761,000
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| Maturity: | Aug. 6, 2021
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| Contingent coupon: | 15.7008% annualized, payable monthly if each component closes at or above coupon barrier on the related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon, unless any asset ever finishes below its 70% trigger, in which case 1% loss for each 1% decline of least-performing asset
|
| Call: | Automatically at par plus contingent coupon if each asset finishes at or above initial level on any monthly determination date after six months
|
| Initial levels: | $90.39 for Biotech and $19.63 for Oil & Gas
|
| Coupon barriers: | 70% of initial levels
|
| Trigger levels: | 70% of initial levels
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| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 4
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 0.42%
|
| Cusip: | 40056YE59
|
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