By Marisa Wong
Morgantown, W.Va., Feb. 9 – GS Finance Corp. priced $7.82 million of trigger phoenix autocallable optimization securities due Feb. 9, 2018 linked to the SPDR S&P 500 ETF trust, 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 the rate of 8% per year if the trust closes at or above its 75% barrier level on the observation date for that quarter.
The notes will be called at par of $10 if the trust closes at or above its initial share price on any quarterly observation date.
If the final share price is greater than or equal to the barrier level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will be fully exposed to the trust’s decline.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Trigger phoenix autocallable optimization securities
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| Underlying ETF: | SPDR S&P 500 ETF trust
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| Amount: | $7,818,450
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| Maturity: | Feb. 9, 2018
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| Coupon: | 8% per year, payable quarterly if trust closes at or above barrier level on observation date for that quarter
|
| Price: | Par of $10
|
| Payout at maturity: | If final share price is greater than or equal to the barrier level, par plus the final contingent coupon; otherwise, investors will be fully exposed to the trust’s decline
|
| Call: | At par if the trust closes at or above its initial share price on any quarterly observation date
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| Initial price: | $187.98
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| Barrier price: | $140.99, 75% of initial price
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| Pricing date: | Feb. 5
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| Settlement date: | Feb. 10
|
| Agent: | Goldman, Sachs & Co.
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| Fees: | 1.65%
|
| Cusip: | 36250E357
|
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