By Angela McDaniels
Tacoma, Wash., Feb. 16 – GS Finance Corp. priced $5.43 million of callable contingent coupon notes due Aug. 15, 2018 linked to the the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at the rate of 9.4% per year if each index closes at or above its barrier level, 55% of its initial level, on the observation date for that quarter.
The notes are callable at par on any contingent coupon payment date.
The payout at maturity will be par unless any index finishes below its barrier level, in which case investors will be fully exposed to the decline of the worst-performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underlying indexes: | Euro Stoxx 50, Russell 2000 and S&P 500
|
| Amount: | $5.43 million
|
| Maturity: | Aug. 15, 2018
|
| Coupon: | 9.4% per year, payable quarter if each index closes at or above barrier level on determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below barrier level, in which case full exposure to losses of worst-performing index
|
| Call option: | At par on any interest payment date
|
| Initial levels: | 963.481 for Russell 2000, 1,851.86 for S&P 500 and 2,789.05 for Euro Stoxx 50
|
| Barrier levels: | 55% of initial levels
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 16
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.925%
|
| Cusip: | 40054K3D6
|
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