By Marisa Wong
Madison, Wis., Nov. 3 – Goldman Sachs Group, Inc. priced $2.47 million of autocallable contingent coupon notes due Oct. 31, 2019 linked to the S&P 500 index, the Russell 2000 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon of $26.25 for each $1,000 par amount if each index closes at or above 75% 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 January 2015 to and including July 2019.
The payout at maturity will be par plus the contingent coupon if the index return of each index is greater than or equal to negative 25%.
If the return of any index is less than negative 25%, 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
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| Underlying indexes: | S&P 500, Russell 2000 and Stoxx Europe 600
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| Amount: | $2,471,000
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| Maturity: | Oct. 31, 2019
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| Contingent coupon: | Contingent quarterly coupon of 2.625% if each component closes at or above 75% barrier level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If return of each index is greater than or equal to negative 25%, par plus contingent coupon; otherwise, investors will be fully exposed to losses of the worst-performing component and receive no coupon
|
| Call: | Automatically at par plus contingent coupon if each index close at or above initial levels on any quarterly determination date from January 2015 onward
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| Initial index levels: | 1,985.05 for S&P 500, 1,149.452 for Russell 2000 and 328.25 for Stoxx Europe 600
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| Barrier levels: | 1,488.7875 for S&P 500, 862.089 for Russell 2000 and 246.1875 for Stoxx Europe 600, 75% of initial level
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| Pricing date: | Oct. 28
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| Settlement date: | Oct. 31
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| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.05%
|
| Cusip: | 38147QL79
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