By Susanna Moon
Chicago, Aug. 3 – Goldman Sachs Group, Inc. priced $1.74 million of callable contingent coupon notes due July 31, 2020 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.6% if each index closes at or above the 60% barrier level on the determination date for that quarter.
The notes are callable at par on any interest payment date.
The payout at maturity will be par plus the contingent coupon unless either index finishes below the 60% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon notes
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Underlying indexes: | Euro Stoxx 50 and Russell 2000
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Amount: | $1,744,000
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Maturity: | July 31, 2020
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Coupon: | 7.6% per year if each index closes at or above coupon barrier level on determination date for that quarter
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Price: | Par
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Payout at maturity: | If each index finishes at or above barrier, par plus contingent coupon; otherwise, full exposure to any losses of worse performing index
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Call option: | At par on any interest payment date
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Barrier levels: | 60% of initial levels
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Pricing date: | July 29
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Settlement date: | July 31
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Underwriter: | Goldman Sachs & Co.
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Fees: | 3.6%
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Cusip: | 38148T7H6
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