By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – GS Finance Corp. priced $5.7 million of callable contingent coupon notes due Feb. 19, 2020 linked to the lesser performing of the S&P 500 index, the Russell 2000 index and 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.
The notes will pay a contingent quarterly coupon of 8% per year if each index closes at or above its 60% trigger level on the determination date for that quarter.
The notes will be callable at par plus any coupon due after six months.
The payout at maturity will be par plus the final coupon unless any index finishes below its trigger level, in which case investors will lose 1% for each 1% decline of the least-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: | Callable contingent coupon notes
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| Underlying indexes: | S&P 500, Russell 2000 and Euro Stoxx 50
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| Amount: | $5.7 million
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| Maturity: | Feb. 19, 2020
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| Contingent coupon: | Contingent quarterly coupon of 8% per year if each index closes at or above trigger level on the determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon if each index finishes above trigger level; otherwise 1% loss for each 1% decline of least-performing index
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| Call: | Callable at par plus any coupon due after six months
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| Initial index levels: | 2,328.25 for S&P 500, 1,392.378 for Russell 2000, 3,305.23 for Euro Stoxx 50
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Feb. 13
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| Settlement date: | Feb. 16
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| Agent: | Goldman Sachs & Co.
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| Fees: | 2%
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| Cusip: | 40054KWP7
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