By Susanna Moon
Chicago, Aug. 3 – GS Finance Corp. priced $512,000 of callable contingent coupon notes due Aug. 3, 2024 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate 8.2% if each index closes at or above its 80% coupon barrier on the observation date for that quarter.
The notes are callable at par on any coupon payment date after one year.
The payout at maturity will be par plus the final coupon unless either index falls by more than 20%, in which case exposure to losses of worse performing index beyond 20%.
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: | Callable contingent coupon notes
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| Underlying indexes: | Russell 2000, Nasdaq-100
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| Amount: | $512,000
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| Maturity: | Aug. 3, 2024
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| Coupon: | 8.2%, payable quarterly if each index closes at or above 80% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless either index falls by more than 20%, in which case exposure to losses of worse performing index beyond 20%
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| Call option: | At par on any coupon payment date beginning in August 2018
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| Initial levels: | 1,425.144 for Russell, 5,880.327 for Nasdaq
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| Trigger levels: | 80% of initial levels
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 1.4%
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| Cusip: | 40054LMS0
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