By Susanna Moon
Chicago, May 1 – GS Finance Corp. priced $3.34 million of autocallable contingent coupon notes due April 29, 2027 linked to the worse performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.25% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any contingent coupon payment date from July 2017 to April 2027.
The payout at maturity will be par plus the contingent coupon unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to the decline of the worse performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying indexes: | Russell 2000, Euro Stoxx 50
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| Amount: | $3,339,000
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| Maturity: | April 29, 2027
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| Coupon: | 8.25% per year, payable quarter if each index closes at or above 70% coupon barrier on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus contingent coupon unless either index falls below 70% trigger level, in which case full exposure to losses of worse performing index
|
| Call: | At par if each index closes at or above its initial level on any interest payment date from July 2017 to April 2027
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| Initial levels: | 1,411.077 for Russell and 3,583.16 for Stoxx
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| Coupon barriers: | 987.7539 for Russell and 2,508.212 for Stoxx; 70% of initial levels
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| Trigger levels: | 50% of initial levels
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 3.8%
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| Cusip: | 40054LA38
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