By Susanna Moon
Chicago, March 14 – GS Finance Corp. priced $792,000 of autocallable contingent coupon notes due March 6, 2023 linked to the least performing of the Russell 2000 index 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 index closes at or above its 80% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any review date after one year.
The payout at maturity will be par unless either index falls by more than 20%, in which case investors will be exposed to any losses of the worse performing index beyond the buffer.
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: | Russell 2000 and Euro Stoxx 50
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| Amount: | $792,000
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| Maturity: | March 6, 2023
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| Coupon: | 7% annualized, payable quarterly if each index closes at or above 80% coupon barrier on review date for that quarter
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| Price: | Par
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| Payout at maturity: | If each index falls by more than 20%, in which case 1% loss for each 1% decline of worse performing index beyond 20%
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| Call: | At par if each index closes at or above its initial level on any review date from February 2019 through November 2022
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| Initial levels: | 3,463.18 for Stoxx and 1,559.332 for Russell
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| Trigger levels: | 80% of initial levels
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 28
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.85%
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| Cusip: | 40055ANC7
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