By Susanna Moon
Chicago, July 11 – GS Finance Corp. priced $176,000 of autocallable contingent coupon notes due Oct. 4, 2018 linked to the least performing of the Russell 2000 index and the S&P 500 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 7.25% if each index closes at or above its 70% coupon barrier on the review 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 review date.
The payout at maturity will be par unless either index finishes below its initial level and ever closes below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC 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: | $176,000
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| Maturity: | Oct. 4, 2018
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| Coupon: | 7.25%, payable quarterly if each index closes at or above barrier on observation date for that period
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| Price: | Par
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| Payout at maturity: | Par unless either index falls below initial level and ever closes below its 70% trigger, in which case 1% loss for each 1% decline of worse performing index
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| Call: | At par plus coupon if each index closes at or above its initial level on any review date
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| Initial levels: | 1,403.522 for Russell 2000 and 2,419.38 for S&P 500
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| Barrier levels: | 70% of initial levels
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 0.6%
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| Cusip: | 40054LF58
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