New Issue: Goldman Sachs prices $1.21 million contingent coupon autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., Oct. 31 – Goldman Sachs Group, Inc. priced $1.21 million of autocallable contingent coupon notes due Nov. 13, 2029 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 7% per year if each index’s closing level is greater than or equal to 75% of its initial level on the coupon determination date for that quarter.

Beginning in October 2015, the notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any coupon determination date.

If the notes have not been called and the return of each index is greater than or equal to negative 25%, the payout maturity will be par plus the contingent coupon. If the return of each index is greater than or equal to negative 40% but the return of either index is less than negative 25%, the payout will be par. If the return of either index is less than negative 40%, investors will be fully exposed to the decline of the least-performing index.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Autocallable contingent coupon notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$1,214,000
Maturity:	Nov. 13, 2029
Coupon:	Each quarter, notes pay contingent coupon at rate of 7% per year if each index closes at or above coupon trigger level on coupon determination date for that quarter
Price:	Par
Payout at maturity:	If return of each index is greater than or equal to negative 25%, par plus contingent coupon; if return of each index is greater than or equal to negative 40% but return of either index is less than negative 25%, par; if return of either index is less than negative 40%, full exposure to decline of least-performing index
Call:	Automatically at par plus contingent coupon if each index closes at or above initial level on any coupon determination date beginning from October 2015 onward
Initial index levels:	1,982.30 for S&P 500 and 1,146.369 for Russell 2000
Coupon trigger levels:	1,486.725 for S&P 500 and 859.77675 for Russell 2000; 75% of initial levels
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Underwriter:	Goldman Sachs & Co.
Fees:	5%
Cusip:	38147QLH7

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