By Susanna Moon
Chicago, May 9 – GS Finance Corp. priced $1.15 million of autocallable contingent coupon notes due May 5, 2022 linked to the worse performing of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 6.4% if the index closes at or above its 60% coupon barrier on the observation date for that period.
The notes will be called at par if the index closes at or above its initial level on any contingent coupon payment date beginning in November 2017.
The payout at maturity will be par plus the contingent coupon unless the index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying index: | Russell 2000
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| Amount: | $1.15 million
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| Maturity: | May 5, 2022
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| Coupon: | 6.4% per year, payable semiannually if index closes at or above 60% coupon barrier on determination date for that period
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| Price: | Par
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| Payout at maturity: | Par unless index finishes below 60% trigger, in which case full exposure to losses
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| Call: | At par if index closes at or above its initial level on any interest payment date beginning in November 2017
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| Initial level: | 1,407.362
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| Trigger level: | 60% of initial level
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| Pricing date: | May 1
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| Settlement date: | May 4
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.35%
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| Cusip: | 40054LAF1
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