By Susanna Moon
Chicago, April 27 – GS Finance Corp. priced $2.75 million of callable contingent coupon notes due April 29, 2020 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.1% if each index closes at or above its 65% coupon barrier on the observation date for that quarter.
The notes are callable at par on any contingent coupon payment date from October 2017 to January 2020.
The payout at maturity will be par plus the final coupon payment unless any index finishes below it 65% trigger level, in which case investors will be fully exposed to the decline of the worst performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| 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: | Russell 2000, S&P 500 and Euro Stoxx 50
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| Amount: | $2.75 million
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| Maturity: | April 29, 2020
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| Coupon: | 8.1% per year, payable quarter if each index closes at or above 65% coupon barrier on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par unless any index falls by more than 35%, in which case full exposure to losses of worst performing index
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| Call option: | At par on any interest payment date from October 2017 to January 2020
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| Initial levels: | 1,397.942 for Russell, 2,374.15 for S&P and 3,577.38 for Stoxx
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| Trigger levels: | 65% of initial levels
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| Pricing date: | April 24
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| Settlement date: | April 27
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 2%
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| Cusip: | 40054L7K4
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