New Issue: Goldman prices $1.94 million callable contingent coupon notes on indexes

By Susanna Moon

Chicago, Jan. 22 – Goldman Sachs Group, Inc. priced $1.94 million of callable contingent coupon notes due Jan. 22, 2020 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 7% if each index closes at or above 60% barrier level on the determination date for that period.

The notes are callable at par plus any contingent coupon on any interest payment date after one year.

The payout at maturity will be par plus the contingent coupon unless either index finishes below the 60% trigger level, in which case investors will be fully exposed to the losses of the worse performing component.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Callable contingent coupon notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,943,000
Maturity:	Jan. 22, 2020
Contingent coupon:	7%, payable semiannually if each component closes at or above coupon barrier for that period
Price:	Par
Payout at maturity:	Par plus contingent coupon unless either index finishes below trigger level, in which case full exposure to losses of worse performing component
Call option:	At par plus contingent coupon on any interest payment date beginning Jan. 22, 2016
Initial index levels:	2,022.55 for S&P and 1,170.254 for Russell
Barrier levels:	60% of initial levels
Pricing date:	Jan. 20
Settlement date:	Jan. 22
Underwriter:	Goldman Sachs & Co.
Fees:	3.6%
Cusip:	38147QRU2

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