New Issue: GS Finance sells $500,000 callable contingent coupon notes on indexes

By Sarah Lizee

Olympia, Wash., Oct. 4 – GS Finance Corp. priced $500,000 of callable contingent coupon notes due Oct. 4, 2022 linked to the Nasdaq-100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes pay a contingent monthly coupon at an annual rate of 5.35% if each index closes at or above 60% of its initial level on the observation date.

The notes are callable at par on any coupon payment date.

The payout at maturity will be par plus the final coupon, if any, unless either index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the lesser performing index.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable contingent coupon notes
Underlying indexes:	Nasdaq-100 index, Euro Stoxx 50 index
Amount:	$500,000
Maturity:	Oct. 4, 2022
Coupon:	5.35%, payable each month that each index closes at or above 60% of its initial level on determination date
Price:	Par
Payout at maturity:	Par plus final coupon, if any, unless either index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the lesser performing index
Call option:	At par on any coupon payment date
Initial levels:	7,645.453 for Nasdaq, 3,414.16 for Stoxx
Pricing date:	Oct. 1
Settlement date:	Oct. 4
Underwriter:	Goldman Sachs & Co.
Fees:	4.3%
Cusip:	40056E3A4

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