By Wendy Van Sickle
Columbus, Ohio, June 8 – GS Finance Corp. priced $2.76 million of callable contingent coupon notes due June 7, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above its 65% coupon barrier on the observation date for that quarter.
The notes are callable at par on any coupon determination date after one year.
The payout at maturity will be par plus the contingent coupon unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underlying indexes: | Euro Stoxx 50, Russell 2000
|
| Amount: | $2,763,000
|
| Maturity: | June 7, 2022
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| Coupon: | 8% per year, payable quarterly if each index closes at or above 65% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below 60% trigger, in which case full exposure to losses of worse performing index
|
| Call option: | At par on any interest payment date after one year
|
| Initial levels: | 1,405.387 for Russell 2000 and 3,591.82 for Euro Stoxx 50
|
| Coupon barriers: | 913.50155 for Russell 2000 and 2,334.683 for Euro Stoxx 50; 65% of initial levels
|
| Trigger levels: | 843.2322 for Russell 2000 and 2,155.092 for Euro Stoxx 50; 60% of initial levels
|
| Pricing date: | June 2
|
| Settlement date: | June 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 22550B7M9
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