By Susanna Moon
Chicago, Nov. 13 – Goldman Sachs Group, Inc. priced $1 million of callable contingent coupon notes due Nov. 13, 2018 linked to 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 6% if the index closes at or above the 80% barrier level on the determination date for that quarter.
The notes are callable at par on any interest payment date after on year.
The payout at maturity will be par plus the contingent coupon unless the index finishes below the 80% barrier level, in which case investors will be fully exposed to any losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
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| Issue: | Callable contingent coupon notes
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | Nov. 13, 2018
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| Coupon: | 6% per year, payable quarterly, if index closes at or above coupon barrier level on determination date for that quarter
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| Price: | Par
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| Payout at maturity: | If index finishes at or above barrier, par plus contingent coupon; otherwise, full exposure to any losses
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| Call option: | At par on any interest payment date from November 2016 to August 2018
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| Initial level: | 2,078.58
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| Barrier level: | 80% of initial level
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| Pricing date: | Nov. 9
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| Settlement date: | Nov. 13
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 3.45%
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| Cusip: | 38148TGV5
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