By Sarah Lizee
Olympia, Wash., Nov. 8 – GS Finance Corp. priced $151,000 of autocallable contingent coupon index-linked notes due Feb. 8, 2021 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 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 quarterly coupon of 8.25% per annum if each index closes at or above its 75% coupon trigger level on the related quarterly determination date after six months.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after six months.
The payout at maturity will be par plus the final coupon, if any, unless either index finishes below its initial level and either index has ever closed below its coupon trigger level any day during the life of the notes, in which case investors will be fully exposed to the loss of the lesser-performing index.
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 index-linked notes
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Underlying indexes: | Euro Stoxx 50 index and Russell 2000 index
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Amount: | $151,000
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Maturity: | Feb. 8, 2021
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Coupon: | 8.25% per year, payable each quarter that each index closes at or above its coupon trigger level on the related quarterly determination date
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Price: | Par
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Payout at maturity: | Par plus the final coupon, if any, unless either index finishes below its initial level and either index has ever closed below its coupon trigger level any day during the life of the notes, in which case investors will be fully exposed to the loss of the lesser-performing index
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Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after six months
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Initial index levels: | 3,604.41 for Stoxx and 1,562.452 for Russell
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Coupon triggers: | 70% of initial levels
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Pricing date: | Oct. 31
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Settlement date: | Nov. 5
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.1%
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Cusip: | 40056XEQ5
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