By Wendy Van Sickle
Columbus, Ohio, June 6 – GS Finance Corp. priced $1.52 million of autocallable contingent coupon notes due June 4, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 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 5% 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 coupon determination date from November 2017 through February 2019.
The payout at maturity will be par plus the contingent coupon unless either index ever finishes below its initial level and ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Russell 2000, S&P 500
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| Amount: | $1,524,000
|
| Maturity: | June 4, 2019
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| Coupon: | 5% per year, payable quarterly if each index closes at or above 70% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either index falls and ever dips below 70% trigger, 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 November 2017 through February 2019
|
| Initial levels: | 2,415.82 for S&P, 1,382.244 for Russell
|
| Coupon barrier triggers: | 70% of initial levels
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| Pricing date: | May 26
|
| Settlement date: | May 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.175%
|
| Cusip: | 40054LB52
|
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