By Marisa Wong
Morgantown, W.Va., Oct. 17 – GS Finance Corp. priced $1.25 million of autocallable contingent coupon notes due Oct. 18, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes will pay a contingent coupon at an annual rate of 11.25% if the index closes at or above 80% of its initial level on the observation date for that quarter.
Beginning in April 2017, the notes will be automatically called at par if the index closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par plus the contingent coupon, if any, unless the index finishes below 75% of its initial level, in which case investors will be fully exposed to any decline in the index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1.25 million
|
| Maturity: | Oct. 18, 2021
|
| Coupon: | 11.25%, payable each quarter that index closes at or above barrier level on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon, if any, unless index return is less than negative 25%, in which case full exposure to decline
|
| Call: | Beginning in April 2017, automatically at par if index closes at or above initial level on any coupon determination date
|
| Initial level: | 2,975.04
|
| Trigger level: | 2,380.032, 80% of initial level
|
| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 18
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 40054KME3
|
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