By Susanna Moon
Chicago, May 13 – Goldman Sachs Group, Inc. priced $6 million of callable contingent coupon notes due May 13, 2025 linked to the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its barrier level, 60% of the initial index level, on any quarterly determination date, the notes will pay a coupon at an annual rate of 11% for that quarter.
The notes are callable at par plus the coupon on any quarterly determination date.
The payout at maturity will be par plus the coupon unless either falls below the 60% barrier level, in which case investors will receive par plus the return of the worst performing index, with full exposure to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon notes
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| Underlying indexes: | S&P 500, the Russell 2000 and the Euro Stoxx 50
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| Amount: | $6 million
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| Maturity: | May 13, 2025
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| Contingent coupon: | 11% annualized, payable quarterly if each index closes at or above coupon barrier for that period
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| Price: | Par
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| Payout at maturity: | Par unless either index falls by more than 40%, in which case full exposure to any losses of worse performing index
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| Call option: | At par plus contingent coupon on any quarterly determination date
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| Initial index levels: | 2,116.10 for S&P, 1,234.928 for Russell and 3,649.48 for Euro Stoxx
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| Barrier levels: | 60% of initial levels
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| Pricing date: | May 8
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| Settlement date: | May 13
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 1.95%
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| Cusip: | 38148T2Y4
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