By Susanna Moon
Chicago, Feb. 1 – GS Finance Corp. priced $3.89 million of autocallable contingent coupon notes due July 31, 2025 linked to the least 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 monthly 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 month.
The notes will be called at par if each component closes at or above its initial level on any call observation date after one year.
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 20%.
The guarantor is 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, Euro Stoxx 50 index
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| Amount: | $3,886,000
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| Maturity: | July 31, 2025
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| Coupon: | 7% annualized, payable monthly if each component closes at or above 80% coupon barrier on review date for that month
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| Price: | Par
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| Call: | At par if each component closes at or above its initial level on any interest payment date beginning January 2019
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| Payout at maturity: | Par unless either component falls by more than 20%, in which case 1% loss per 1% decline of worse performing index or fund beyond 20%
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| Initial index levels: | $51.40 for fund, 3,643.22 for Stoxx
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| Coupon barriers: | 80% of initial levels
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.65%
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| Cusip: | 40055AF69
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