By Susanna Moon
Chicago, May 11 – GS Finance Corp. priced $1 million of autocallable contingent coupon notes due May 6, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annual rate of 13.3% if the index closes at or above its 85% coupon barrier on the observation date for that period.
The notes will be called at par if the index closes at or above its initial level on any coupon determination dates occurring in May of each year, beginning in May 2018 and ending in May 2026.
The payout at maturity will be par plus the contingent coupon unless the index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| 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 index: | Euro Stoxx 50 index
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| Amount: | $1 million
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| Maturity: | May 6, 2027
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| Coupon: | 13.3% per year, payable semiannually if index closes at or above 85% coupon barrier on determination date for that period
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| Price: | Par
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| Payout at maturity: | Par unless index finishes below 85% trigger, in which case full exposure to losses
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| Call: | At par if index closes at or above its initial level on any coupon determination dates occurring in May of each year, beginning in May 2018 and ending in May 2026
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| Initial level: | 3,578.21
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| Trigger level: | 3,041.4785, 85% of initial level
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| Pricing date: | May 2
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| Settlement date: | May 5
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.45%
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| Cusip: | 40054LAG9
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