By Angela McDaniels
Tacoma, Wash., Feb. 25 - Goldman Sachs Group, Inc. priced $2.9 million of autocallable contingent coupon notes due March 7, 2029 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon if both indexes close at or above their initial levels on the related coupon determination date. For each $1,000 principal amount of notes, the contingent coupon will be (a) the product of $21.25 times the number of coupon determination dates that have occurred up to and including the relevant coupon determination date minus (b) the sum of all coupons previously paid, if any
Beginning Feb. 21, 2017, the notes will be automatically called at par plus the contingent coupon if both indexes close at or above their initial levels on any coupon determination date.
If the notes have not been called and the return of both indexes is greater than or equal to zero, the payout at maturity will be par plus the contingent coupon.
If the return of both indexes is greater than or equal to negative 50% but the return of either index is less than zero, the payout will be par.
If the return of either index is less than negative 50%, investors will have one-to-one exposure to the decline of the lesser performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $2.9 million
|
| Maturity: | March 7, 2029
|
| Contingent coupon: | Payable quarterly if both indexes close at or above initial levels on related coupon determination date in amount equal to (a) product of $21.25 times number of coupon determination dates that have occurred up to and including relevant coupon determination date minus (b) sum of all coupons previously paid, if any
|
| Price: | Par
|
| Payout at maturity: | If return of both indexes is greater than or equal to zero, par plus contingent coupon; if return of both indexes is greater than or equal to negative 50% but return of either index is less than zero, par; if return of either index is less than negative 50%, one-to-one exposure to decline of lesser performing index
|
| Call: | Automatically at par plus contingent coupon if both indexes close at or above initial levels on any coupon determination date from Feb. 21, 2017 onward
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| Initial index levels: | 1,164.63 for Russell 2000 and 3,131.67 for Euro Stoxx 50
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 26
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.4%
|
| Cusip: | 38147QQP4
|
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