By Susanna Moon
Chicago, Nov. 21 – GS Finance Corp. priced $1.05 million of autoallable contingent coupon notes due Nov. 28, 2018 linked to the common stock of Comerica Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 11.85% if the stock closes at or above its 80% coupon barrier on the review date for that month.
The notes will be called at par if the stock closes at or above its initial level on any call observation date after one year.
The payout at maturity will be par unless the stock finishes below its 80% trigger level, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as the placement 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 stock: | Comerica Inc. (Symbol: CMA)
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| Amount: | $1.05 million
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| Maturity: | Nov. 28, 2018
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| Coupon: | 11.85% annualized, payable quarterly if stock closes at or above 80% coupon barrier on review date for that month
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| Price: | Par
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| Call option: | At par if stock closes at or above initial level on any call observation date
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| Payout at maturity: | Par plus coupon unless stock finishes below 80% trigger, in which case 1% loss for each 1% decline
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| Initial level: | $74.93, set on Nov. 10
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| Trigger level: | 80% of initial level
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| Pricing date: | Nov. 13
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| Settlement date: | Nov. 16
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| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
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| Fees: | 1.1%
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| Cusip: | 40055A4F1
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