By Wendy Van Sickle
Columbus, Ohio, May 14 – GS Finance Corp. priced $2.06 million of autocallable contingent coupon index-linked notes due Nov. 7, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a quarterly coupon at an annualized rate of 10.25% if each index closes at or above its barrier level, 70% of its initial level, on a related observation date.
The notes will be called at par if each index closes above its initial level on any quarterly call observation date after six months.
The payout at maturity will be par unless either index finishes below 70% of its initial level on any day during the observation period, in which case investors will be fully exposed to any losses of the lesser-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: | Autocallable contingent coupon index-linked notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $2,056,000
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| Maturity: | Nov. 7, 2019
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| Coupon: | 10.25% per year, payable quarterly if each index closes at or above its coupon barrier level on observation date
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below 70% of initial level on any day during the observation period, in which case full exposure to any losses of the lesser-performing index
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| Call: | At par if each index closes above initial level on any quarterly call observation date after six months
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| Initial levels: | 2,648.05 for S&P and 1,541.884 for Russell
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| Barrier levels: | 1,853.635 for S&P and 1,079.3188 for Russell; 70% of initial levels
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| Pricing date: | April 30
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| Settlement date: | May 3
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.86%
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| Cusip: | 40055AWY9
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