By Wendy Van Sickle
Columbus, Ohio, April 4 – GS Finance Corp. priced $1.42 million of callable contingent coupon notes due March 31, 2019 linked to the Dow Jones industrial average 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.
The notes will pay a quarterly coupon at an annual rate of 8.25% if each index closes above the 65% coupon trigger level on the observation date for that quarter.
The notes will be callable at par plus any coupon due on any payment date.
The payout at maturity will be par unless either index finishes below the 65% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon notes
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| Underlying indexes: | Russell 2000 and Dow Jones industrial average
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| Amount: | $1.42 million
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| Maturity: | March 31, 2019
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| Coupon: | Each quarter, notes pay contingent coupon at rate of 8.25% per year if each index’s closing level is greater than or equal to 65% of initial level on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | If return of each index is greater than or equal to negative 35%, par plus contingent coupon; if return of either index is less than negative 35%, full exposure to decline of lesser-performing index
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| Call: | Notes are callable at par plus contingent coupon on any interest payment date
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| Initial level: | 1,109.082 for Russell 2000 and 17,633.11 for Dow
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| Pricing date: | March 29
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| Settlement date: | March 31
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 2.79%
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| Cusip: | 40054K5K8
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