By Susanna Moon
Chicago, May 3 – GS Finance Corp. priced $1.15 million of autocallable contingent coupon notes due May 4, 2026 linked to the S&P 500 index 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 5.25% if each index closes above the 50% barrier level on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any determination date beginning in April 2017 through January 2026.
The payout at maturity will be par plus any contingent coupon unless either index finishes below the 50% barrier 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: | Autocallable contingent coupon notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $1,146,000
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| Maturity: | May 4, 2026
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| Coupon: | 5.25%, payable quarterly if each index closes at or above barrier on observation date
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| Price: | Par
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| Payout at maturity: | Par unless either index finishes below barrier level, in which case full exposure to any loses of worse performing index
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| Call: | At par plus contingent coupon if each index closes at or above its initial level on any determination date beginning in April 2017 through January 2026
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| Initial levels: | 2,095.15 for S&P, 1,154.149 for Russell
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| Barrier levels: | 50% of initial levels
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| Pricing date: | April 27
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| Settlement date: | April 29
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.95%
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| Cusip: | 40054KAA4
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