New Issue: Goldman Sachs prices $1 million return optimization notes on MSCI EAFE

By Marisa Wong

Madison, Wis., Sept. 22 – Goldman Sachs Group, Inc. priced $1 million of contingent coupon notes due Sept. 21, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each year, the notes will pay a contingent coupon of 5.35% per year if the index return is greater than or equal to negative 20% on the coupon determination date for that year.

If the index return is greater than or equal to negative 20%, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the index’s decline.

Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Contingent coupon notes
Underlying index:	S&P 500
Amount:	$1 million
Maturity:	Sept. 21, 2017
Coupon:	Each year, notes will pay 5.35% coupon if index return is greater than or equal to negative 20%; if index return is less than negative 20%, no coupon will be paid that year
Price:	Par
Payout at maturity:	If index return is at least negative 20%, par; otherwise, full exposure to index decline
Initial level:	2,011.36
Pricing date:	Sept. 18
Settlement date:	Sept. 23
Underwriter:	Goldman Sachs & Co. with JPMorgan as placement agent
Fees:	2.175%
Cusip:	38147QHR0

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