By Susanna Moon
Chicago, Aug. 3 – Goldman Sachs Group, Inc. priced $2.45 million of autocallable contingent coupon notes due July 31, 2030 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 10.2% if each index closes at or above the 70% coupon 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 if each index finishes at or above the 70% coupon barrier.
If either index finishes below the coupon barrier but at or above the 50% trigger level, investors will receive par.
Otherwise, 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: | $2,447,000
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| Maturity: | July 31, 2030
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| Coupon: | 10.2% 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 coupon barrier, par plus contingent coupon; if either index falls by up to trigger level, par; 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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| Coupon barriers: | 70% of initial levels
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| Trigger levels: | 50% 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: | 5.05%
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| Cusip: | 38148T7D5
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