New Issue: Goldman Sachs prices $693,000 contingent coupon notes linked to Russell

By Angela McDaniels

Tacoma, Wash., Sept. 23 – Goldman Sachs Group, Inc. priced $693,000 of contingent coupon notes due Sept. 28, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 6.5% per year if the index return is greater than or equal to negative 25% on the coupon determination date for that quarter.

If the index return is greater than or equal to negative 25%, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the index’s decline.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Contingent coupon notes
Underlying index:	Russell 2000
Amount:	$693,000
Maturity:	Sept. 28, 2020
Coupon:	Each quarter, notes pay contingent coupon at rate of 6.5% per year if index return is greater than or equal to negative 25% on coupon determination date for that quarter
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 25%, par plus contingent coupon; otherwise, full exposure to index’s decline
Initial index level:	1,146.92
Pricing date:	Sept. 19
Settlement date:	Sept. 26
Underwriter:	Goldman Sachs & Co.
Fees:	2.375%
Cusip:	38147QGQ3

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