By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – GS Finance Corp. priced $185,000 of callable contingent coupon notes due Jan. 31, 2020 linked to the Euro Stoxx 50 index and the Russell 2000 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 an annual rate of 7.5% if each index closes at or above 75% of its initial level on the related observation date.
The notes are callable at par on any coupon payment date after six months.
The payout at maturity will be par plus the final coupon, unless either index declines by more than 25%, in which case investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| 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: | $185,000
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| Maturity: | Jan. 31, 2020
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| Coupon: | 7.5%, payable each quarter that each index closes at or above 75% of initial level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon, unless either index declines by more than 25%, in which case 1% loss for every 1% that lesser-performing index declines from initial level
|
| Call option: | At par on any coupon payment date after six months
|
| Initial levels: | 1,598.109 for Russell and 3,643.04 for Stoxx
|
| Pricing date: | Jan. 29
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| Settlement date: | Jan. 31
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.345%
|
| Cusip: | 40055ADN4
|
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