By Jennifer Chiou
New York, Oct. 3 – Goldman Sachs Group, Inc. priced $3,832,000 of autocallable contingent coupon notes due Oct. 11, 2022 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon of $20.375 for each $1,000 par amount if each component closes at or above 70% barrier level on the determination date for that quarter.
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 beginning in October 2017 to and including July 2022.
The payout at maturity will be par plus the contingent coupon if the index return of both indexes is greater than or equal to negative 15%.
If the index return of both indexes is greater than or equal to negative 30% but the return of either index is less than negative 15%, investors will share in the losses of the worse-performing component, but will receive a coupon.
If the index return of either index is less than negative 30%, investors will be fully exposed to any losses of the worse-performing component and will receive no coupon.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | S&P 500 and Euro Stoxx 50
|
| Amount: | $3,832,000
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| Maturity: | Oct. 11, 2022
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| Contingent coupon: | Contingent quarterly coupon of 2.0375% if each component closes at or above 70% barrier level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If index return of both indexes is greater than or equal to negative 15%, par plus contingent coupon; if index return of both indexes is greater than or equal to negative 30% but the return of either index is less than negative 15%, exposure to losses of the worse-performing component, plus coupon; otherwise, investors will be fully exposed to any losses of the worse-performing component and no coupon if index return of either index is less than negative 30%
|
| Call: | Automatically at par plus contingent coupon if both indexes close at or above initial levels on any quarterly determination date from October 2017 onward
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| Initial index levels: | 1,946.16 for S&P 500, 3,195.08 for Euro Stoxx 50
|
| Barrier levels: | 1,362.312 for S&P 500, 2,236.556 for Euro Stoxx 50
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| Pricing date: | Oct. 1
|
| Settlement date: | Oct. 8
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.4%
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| Cusip: | 38147QJG2
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