By Kiku Steinfeld
Chicago, July 18 – GS Finance Corp. priced $657,000 of autocallable contingent coupon notes due July 15, 2021 linked to the MSCI EAFE index, the Euro Stoxx 50 index and the Russell 2000 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 7.55% per annum if each index closes at or above its 65% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date beginning in October.
The payout at maturity will be par plus the coupon due unless any index finishes below its initial level and falls more than 35% below its initial level during the life of the notes, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon notes
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Underlying indexes: | MSCI EAFE, Euro Stoxx 50, Russell 2000
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Amount: | $657,000
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Maturity: | July 15, 2021
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Contingent coupon: | 7.55% annualized, payable quarterly if each index closes at or above 65% coupon trigger level on the determination date for that quarter
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Price: | Par
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Payout at maturity: | Par unless any index finishes below its initial level and falls below 65% of its initial level during the life of the notes, in which case investors will be fully exposed to the decline of the least performing index from its initial level
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Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly call observation date beginning in October
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Initial index levels: | 1,922.76 for EAFE, 3,523.76 for Stoxx and 1,561.387 for Russell
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Coupon trigger levels: | 65% of initial levels
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Pricing date: | July 8
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Settlement date: | July 11
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.925%
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Cusip: | 40056FU52
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