By Sarah Lizee
Olympia, Wash., Aug. 6 – GS Finance Corp. priced $665,000 of autocallable contingent coupon index-linked notes due Nov. 9, 2020 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 are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon of 8.25% per annum if each index closes at or above its 70% coupon trigger level on the related quarterly determination date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless either index finishes below its initial level and either index ever closes below its 70% trigger level during the life of the notes, in which case investors will lose 1% for every 1% decline of the least performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $665,000
|
| Maturity: | Nov. 9, 2020
|
| Coupon: | 8.25% per year, payable each quarter that each index closes at or above its 70% coupon trigger level on the related quarterly determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below initial level and ever closes below 70% trigger level, in which case 1% loss for every 1% decline of the least performing index
|
| Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date
|
| Initial levels: | 1,574.605 for Russell, 2,980.38 for S&P
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.46%
|
| Cusip: | 40056FRE7
|
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