By Susanna Moon
Chicago, Sept. 5 – GS Finance Corp. priced $240,000 of callable contingent coupon notes due Aug. 31, 2022 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate if each index closes at or above its 70% coupon barrier on review date for that quarter. The contingent coupon will be 7% for the first 12 payment dates, stepping up to 9% after that.
The notes are callable at par on any interest payment date after six months.
The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
Goldman Sachs Group, Inc. is the guarantor.
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 assets: | Euro Stoxx 50 index and Russell 2000 index
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| Amount: | $240,000
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| Maturity: | Aug. 31, 2022
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| Coupon: | 7% annualized for the first 12 payment dates and 9% for final eight payment dates, payable quarterly if each index closes at or above 55% coupon barrier on review date that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless either index finishes below 70% trigger, in which case 1% loss for each 1% decline of worst performing index
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| Call option: | At par plus any coupon on any contingent coupon payment date beginning in February 2018
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| Initial levels: | 3,388.22 for Stoxx and 1,383.681 for Russell
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| Trigger levels: | 70% of initial levels
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| Pricing date: | Aug. 29
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| Settlement date: | Aug. 31
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.85%
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| Cusip: | 40054LND2
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