By Marisa Wong
Madison, Wis., June 17 – Goldman Sachs Group, Inc. priced $1.61 million of trigger phoenix autocallable optimization securities due June 18, 2018 linked to McDonald’s Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at the rate of 7% per year if McDonald’s stock closes at or above the trigger price, 76% of the initial share price, on the observation date for that quarter.
The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial price on any quarterly observation date beginning in December 2015.
The payout at maturity will be par plus the contingent coupon unless the stock finishes below the trigger level, in which case investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying stock: | McDonald’s Corp. (Symbol: MCD)
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| Amount: | $1,610,500
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| Maturity: | June 18, 2018
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| Coupon: | 7% per year, payable quarterly if stock closes at or above barrier price on observation date for that quarter
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| Price: | Par of $10.00
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| Payout at maturity: | Par plus contingent coupon if stock finishes at or above trigger level; otherwise, par plus stock return
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| Call: | At par plus contingent coupon if shares close at or above initial price on any quarterly observation date beginning in December
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| Initial price: | $95.06
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| Barrier/trigger level: | $72.25, 76% of initial price
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| Trade date: | June 12
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| Settlement date: | June 17
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 2.25%
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| Cusip: | 38148W722
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