New Issue: Goldman prices $818,000 of six-year autocalls tied to S&P, Dow, Russell

By Susanna Moon

Chicago, Oct. 23 – GS Finance Corp. priced $818,000 of 0% autocallable notes due Oct. 7, 2024 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 11.3% if each index closes at or above its initial level on any call observation date after one year.

If each index finishes at or above its 70% downside threshold, the payout at maturity will be $1,678 for each $1,000 principal amount.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable notes
Underlying indexes:	S&P 500, Dow Jones industrial average and Russell 2000
Amount:	$818,000
Maturity:	Oct. 7, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains or falls by up to 30%, par plus 67.8%; otherwise, 1% loss for each 1% decline of worse performing index
Call:	At par plus 11.3% per year if each index closes at or above its initial level on any annual review date beginning Sept. 30, 2019
Initial levels:	2,913.98 for S&P, 1,696.571 for Russell and 26,458.31 for Dow
Trigger levels:	70% of initial levels
Pricing date:	Sept. 28
Settlement date:	Oct. 5
Agent:	Goldman Sachs & Co. LLC
Fees:	0.375%
Cusip:	40055QZ47

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