By Susanna Moon
Chicago, Dec. 9 – GS Finance Corp. priced $1.81 million of autocallable contingent coupon notes due Dec. 7, 2026 linked to the S&P 500 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 at an annual rate of 5.6% if each index closes at or above its 50% coupon barrier level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date beginning in February 2017 until November 2026.
The payout at maturity will be par plus the final coupon unless either index finishes below its 50% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.
Goldman Sachs & Co. is the 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 indexes: | S&P 500 and Russell 2000
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| Amount: | $1,811,000
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| Maturity: | Dec. 7, 2026
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| Contingent coupon: | 5.6% annualized, payable quarterly if each index closes at or above 50% coupon barrier level on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either index falls by more than 50%, in which case full exposure to any losses of worse performing index
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| Call: | At par plus contingent coupon if each index closes at or above initial levels on any quarterly determination date from February 2017 to November 2026
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| Initial levels: | 2,201.72 for S&P and 1,329.828 for Russell
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| Trigger levels: | 1,100.86 for S&P and 664.914 for Russell; 50% of initial levels
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 3.95%
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| Cusip: | 40054KP26
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