New Issue: Goldman prices $1.32 million 5.3% contingent coupon callables tied to S&P, Russell

By Susanna Moon

Chicago, Aug. 2 – GS Finance Corp. priced $1.32 million of callable contingent coupon notes due July 31, 2022 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 contingent monthly coupon at an annual rate of 5.3% if each index closes at or above its 60% coupon barrier on the observation date for that month.

The notes are callable on any review date after one year.

The payout at maturity will be par unless either index falls by more than 40%, in which case investors will be fully exposed to any losses of the worse performing index.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable contingent coupon notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,319,000
Maturity:	July 31, 2022
Coupon:	5.3% annualized, payable monthly if each index closes at or above 60% coupon barrier on review date for that month
Price:	Par
Payout at maturity:	If each index falls by up to 40%, par; otherwise, 1% loss for each 1% decline of worse performing index
Call option:	At par on any call review date from July 2019 through June 2022
Initial levels:	2,818.82 for S&P, 1,663.34 for Russell
Trigger levels:	60% of initial levels
Pricing date:	July 27
Settlement date:	July 31
Agent:	Goldman Sachs & Co. LLC
Fees:	4.08%
Cusip:	40055QLA8

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