By Marisa Wong
Morgantown, W.Va., May 27 – GS Finance Corp. priced $3.52 million of trigger callable contingent yield notes due Nov. 28, 2018 linked to the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 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 2.75% if each index closes at or above its barrier level, 70% of its initial level, on each day during the quarterly observation period.
The notes will be callable at par on any coupon payment date after one year.
The payout at maturity will be par unless any index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger callable contingent yield notes
|
| Underlying indexes: | Euro Stoxx 50, Russell 2000 and S&P 500
|
| Amount: | $3,515,000
|
| Maturity: | Nov. 28, 2018
|
| Coupon: | 11% per year, payable quarterly if each index closes at or above its barrier level each day for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below barrier level, in which case full exposure to loss of worst performing index
|
| Call option: | At par on any interest payment date after one year
|
| Initial levels: | 1,112.276 for Russell 2000, 2,052.32 for S&P 500 and 2,962.16 for Euro Stoxx 50
|
| Barrier levels: | 70% of initial levels
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.675%
|
| Cusip: | 36250Y189
|
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