New Issue: Goldman prices $2.65 million trigger autocallables on Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., Dec. 16 – Goldman Sachs Group, Inc. priced $2.65 million of 0% trigger autocallable optimization securities due Dec. 18, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the initial level on any quarterly observation date after one year, the notes will be called at par plus an annualized call return of 9%.

If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus the maximum call return of 45%. If the index return is negative but not below negative 32.5%, the payout will be par. Otherwise, investors will share fully in losses.

Goldman Sachs & Co. is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger autocallable optimization securities
Underlying index:	Euro Stoxx 50
Amount:	$2.65 million
Maturity:	Dec. 18, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus 45%; if index return is negative but not below negative 32.5%, par; otherwise, exposure to losses
Initial level:	3,067.32
Trigger level:	67.5% of initial level
Call option:	Par plus 9% per year if index closes at or above the initial level on any quarterly observation date beginning Dec. 18, 2015
Pricing date:	Dec. 12
Settlement date:	Dec. 17
Agent:	Goldman Sachs & Co.
Fees:	2.85%
Cusip:	38148K702

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