New Issue: Goldman sells $2.54 million contingent coupon callables on S&P, Russell

By Susanna Moon

Chicago, Oct. 31 – GS Finance Corp. priced $2.54 million of callable contingent coupon notes due Oct. 31, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 5% if each index closes at or above its 60% coupon barrier on the review date for that month.

The notes are callable at par on any interest payment date after one year.

The payout at maturity will be par 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. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable contingent coupon notes
Underlying assets:	Russell 2000 index, S&P 500 index
Amount:	$2,544,000
Maturity:	Oct. 31, 2021
Coupon:	5% annualized, payable monthly if each index closes at or above 60% coupon barrier on review date that month
Price:	Par
Call option:	At par on any interest payment date from October 2018 through September 2021
Payout at maturity:	Par unless either index finishes below 60% trigger, in which case 1% loss for each 1% decline of worse performing index
Initial index levels:	1,497.459 for Russell, 2,560.40 for S&P
Trigger levels:	60% of initial levels
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	Goldman Sachs & Co. LLC
Fees:	3.91%
Cusip:	40054LWS9

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