By Marisa Wong
Morgantown, W.Va., Feb. 7 – GS Finance Corp. priced $4.39 million of autocallable contingent coupon notes due May 3, 2018 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 are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes will pay a contingent coupon at an annual rate of 7% if each index closes at or above its trigger level, 70% of its initial level, on the determination date for that quarter.
The notes will be automatically called at par if each index closes at or above its initial level on any coupon determination date.
The payout at maturity will be par unless either index closes below its trigger level on any day during the life of the notes and either index finishes below its initial level, in which case investors will be fully exposed to the decline of the worse-performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $4,389,000
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| Maturity: | May 3, 2018
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| Coupon: | 7% per year, payable quarterly if each index closes at or above trigger level on quarterly determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below initial level and either index ever closes below trigger level during life of notes, in which case full exposure to decline of worse-performing index
|
| Call: | Automatically at par if both indexes close at or above initial levels on any coupon determination date
|
| Initial index levels: | 2,280.90 for S&P and 1,352.333 for Russell
|
| Trigger levels: | 1,596.63 for S&P and 946.6331 for Russell; 70% of initial levels
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 2
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 1.975%
|
| Cusip: | 40054KTX4
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