By Devika Patel
Knoxville, Tenn., April 10 – GS Finance Corp. priced $460,000 of autocallable contingent coupon notes due Oct. 9, 2018 linked to 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 5% per year if each index closes at or above its 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 review date beginning in September 2017 and ending in June 2018.
The payout at maturity will be par plus the final coupon unless either index finishes below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the worse performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $460,000
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| Maturity: | Oct. 9, 2018
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| Contingent coupon: | Contingent quarterly coupon of 5% per year if each component closes at or above 70% barrier level on the determination date for that quarter
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| Price: | Par
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| Payout at maturity: | If return of each index is greater than negative 30%, par plus contingent coupon; otherwise 1% loss for each 1% decline of worse-performing index
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial levels on any quarterly determination date beginning in September 2017 and ending in June 2018
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| Initial index levels: | 2,361.13 for S&P 500 and 1,371.645 for Russell 2000
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| Barrier levels: | 1,652.791 for S&P 500 and 960.1515 for Russell 2000; 70% of initial levels
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| Pricing date: | March 29
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| Settlement date: | March 31
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 2.15%
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| Cusip: | 40054KYA8
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