New York, Aug. 31 – Goldman Sachs Group, Inc. priced $520,000 of callable contingent coupon index-linked notes due Aug. 31, 2020 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 coupon at an annual rate of 7.15% if each index closes at or above its trigger level, 60% of its initial level, on the determination date for that quarter.
Goldman may call the notes on any coupon payment date at par plus any coupon.
If the notes have not been called and the return of each index is negative 40% or greater, the payout at maturity will be par plus the contingent coupon.
If the return of either index is less than negative 40%, investors will share fully in the losses of the worst-performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon index-linked notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $520,000
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| Maturity: | Aug. 31, 2020
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| Coupon: | 7.15%, payable for each quarter that both indexes close at or above 60% trigger level
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if both indexes gain or no more than 40%; full exposure to return of worst performing index if either loses more than 40%
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| Call: | On any coupon date at par
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| Initial levels: | 1,153.608 for Russell 2000, 3,280.78 for Stoxx 50
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| Pricing date: | Aug. 27
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| Settlement date: | Aug. 31
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.6%
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| Cusip: | 38148TBW8
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