By Wendy Van Sickle
Columbus, Ohio, Nov. 4 – GS Finance Corp. priced prices $2.35 million of fixed-coupon underlier-linked notes due Nov. 7, 2017 tied to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a fixed coupon of $4.709 per $1,000 principal amount on each monthly coupon payment date.
The payout at maturity will be par if the return for each asset is at least negative 20%. If either asset finishes below the 80% trigger level, investors will lose 1.25% per 1% decline in the worst-performing asset beyond the 20% buffer level.
Goldman Sachs & Co. will be the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Fixed coupon underlier-linked
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| Underlying assets: | iShares MSCI EAFE ETF and Russell 2000 index
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| Amount: | $2.35 million
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| Maturity: | Nov. 7, 2017
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| Coupon: | $4.709 per $1,000 principal, payable monthly
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| Price: | Par
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| Payout at maturity: | Par if return of each asset is at least negative 20%; 1.25% loss for each 1% worse-performing asset falls by more than 20%
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| Initial levels: | $57.57 for ETF; 1,177.943 for index
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| Pricing date: | Nov. 1
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| Settlement date: | Nov. 4
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| Underwriter: | Goldman, Sachs & Co.
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| Fees: | 0.1%
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| Cusip: | 40054KP42
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