By Tali Rackner
Norfolk, Va., Sept. 30 – Goldman Sachs Group, Inc. priced $4.91 million of autocallable contingent coupon notes due Oct. 14, 2025 linked to the Russell 2000 index and the S&P 500 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 1.625% if both indexes close at or above their barrier levels, 50% of the initial levels, on the review date for that quarter.
The notes will be called at par plus the coupon if both indexes close at or above their initial levels on any quarterly review date beginning in September 2016.
If the notes have not been called and the return of each index is negative 50% or greater, the payout at maturity will be par plus the contingent coupon.
If the return of either index is less than negative 50%, investors will share fully in the losses of the lesser-performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Autoallable contingent coupon notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $4,905,000
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| Maturity: | Oct. 14, 2025
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| Coupon: | 1.625%, payable for each quarter that both indexes close at or above coupon trigger level
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus contingent coupon unless either index finishes below the coupon trigger level, in which case investors will be fully exposed to any losses of the lesser performing index
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| Call: | At par on any coupon date beginning September 2016
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| Initial levels: | 1,090.57 for Russell, 1,881.77 for S&P
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| Coupon trigger levels: 545.385 for Russell 2000 and 940,885 for S&P; 50% of initial levels
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| Pricing date: | Sept. 28
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| Settlement date: | Sept. 30
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 4%
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| Cusip: | 38148TDK2
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