By Susanna Moon
Chicago, July 17 – GS Finance Corp. priced $4.72 million of 0% autocallable notes due July 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 12.8% if the index closes at or above its initial level on either annual call date.
If the index finishes at or above its initial level, the payout at maturity will be par plus the 38.4% maturity premium.
If the index falls by up to the 80% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes will be guaranteed by Goldman Sachs Group, Inc.
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: | $4,724,000
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| Maturity: | July 3, 2020
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 12.8% per year if index closes at or above its initial level on July 6, 2018 or June 25, 2019
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| Payout at maturity: | If index gains, par plus 38.4%; if index falls by up 20%, par; otherwise, 1% loss for each 1% decline
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| Initial index level: | 3,441.88
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| Pricing date: | June 30
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| Settlement date: | July 6
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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: | 40054LGZ1
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