By Wendy Van Sickle
Columbus, Ohio, July 1 – GS Finance Corp. priced $4.73 million of 0% trigger autocallable notes due June 28, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par of $10 plus an annualized call return of 8% if the index closes at or above the initial level on any quarterly observation date starting July 3, 2017.
If the notes are not called, the payout at maturity will be par plus 40% if the index gains or is flat or par if the index falls by up to the downside threshold of 45%. Investors will be fully exposed to any losses if the index falls beyond the downside threshold.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | trigger autocallable notes
|
| Underlying index: | Russell 2000
|
| Amount: | $4,732,000
|
| Maturity: | July 6, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 40% if index gains or is flat; par if index falls by up to 45%; full exposure to loss if index falls by more than 45%
|
| Call: | At par plus annualized call return of 8% if index closes at or above the initial level on any quarterly observation date starting July 3, 2017
|
| Initial level: | 1,107.298
|
| Downside threshold: | 55% of initial level
|
| Pricing date: | June 28
|
| Settlement date: | June 30
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.8%
|
| Cusip: | 36250Y320
|
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