By Susanna Moon
Chicago, Dec. 1 – GS Finance Corp. priced $2.34 million of autocallable contingent coupon notes due May 29, 2025 linked to the lesser performing of the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 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 7% if each underlying component closes at or above its 80% coupon barrier on the review date for that quarter.
The notes will be called at par if each asset closes at or above its initial level on any quarterly observation date beginning in April 2018.
The payout at maturity will be par unless either component falls by more than 20%, in which case investors will be exposed to any losses of the worse performing index or fund beyond the buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable contingent coupon notes
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| Underlying assets: | iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
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| Amount: | $2.34 million
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| Maturity: | May 29, 2025
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| Coupon: | 7% annualized, payable quarterly if each component closes at or above 80% coupon barrier on review date that quarter
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| Price: | Par
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| Call: | At par if each component closes at or above initial level on any quarterly observation date beginning in April 2018
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| Payout at maturity: | Par unless either asset falls by more than 20%, in which case 1% loss for each 1% decline of worse performing index beyond 20%
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| Initial levels: | 3,579.32 for Stoxx, $47.69 for fund
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| Coupon barriers: | 80% of initial levels
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| Pricing date: | Nov. 21
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| Settlement date: | Nov. 24
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 5.15%
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| Cusip: | 40055A4H7
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