By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – GS Finance Corp. priced $1 million of autocallable contingent coupon index-linked notes due Dec. 31, 2020 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above the 75% trigger level on any semiannual determination date, the notes will pay a contingent coupon at an annualized rate of 10.3%.
If the index closes at or above its initial level on any determination date from June 2016 to and including June 2020, the notes will be called at par plus the contingent coupon for that period.
If the notes are not called, the payout at maturity will be par plus the final coupon if the index closes at or above the 75% trigger level. Otherwise, investors will be fully exposed to the loss.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1 million
|
| Maturity: | Dec. 31, 2020
|
| Coupon: | 10.3% annualized, payable semiannually if the index closes at or above trigger level on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless index finishes below trigger level, in which case full exposure to index loss
|
| Call: | At par plus contingent coupon if index closes at or above initial level on any determination date from June 2016 to June 2020
|
| Initial levels: | 1,148.213
|
| Trigger level: | 861.15975; 75% of initial level
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 40054CAC8
|
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