By Wendy Van Sickle
Columbus, Ohio, June 28 – GS Finance Corp. priced $5.62 million of 0% autocallable notes due June 26, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annualized call premium of 12.75% if the index closes at or above its initial level on June 29, 2018 or June 18, 2019.
If the notes are not called and the index return is positive, the payout at maturity will be par plus the 38.25% maturity premium.
If the index finishes at or below its initial level but at or above 80% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $5.62 million
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| Maturity: | June 26, 2020
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| Coupon: | 0%
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| Price: | Par
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| Call: | Automatically at par plus a 12.75% annualized call premium if index closes at or above its initial level on June 29, 2018 or June 18, 2019
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| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 38.25%; if index falls by up to 20%, par; otherwise, 1% loss for every 1% that final index level is less than initial index level
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| Initial index level: | 3,543.68
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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| Fees: | 2.175%
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| Cusip: | 40054LGE8
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