By Susanna Moon
Chicago, July 12 – GS Finance Corp. priced $180,000 of callable contingent coupon notes due June 30, 2022 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 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 6.5% if each index closes at or above its 70% coupon barrier on the review date for that quarter.
The notes are callable at par plus the contingent coupon on any review date beginning December 2017.
The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $180,000
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| Maturity: | June 30, 2022
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| Coupon: | 6.5%, payable quarterly if each index closes at or above 60% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless either index falls below 60% trigger, in which case 1% loss for each 1% decline of worse performing index
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| Call option: | At par plus coupon on any review date beginning in December 2017
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| Initial levels: | 1,425.269 for Russell and 3,535.70 for Stoxx
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| Trigger levels: | 60% of initial levels
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| Pricing date: | June 28
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| Settlement date: | June 30
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.35%
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| Cusip: | 40054LEK6
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