By Susanna Moon
Chicago, May 7 – GS Finance Corp. priced $4.09 million of 0% autocallable index-linked notes due May 3, 2023 linked to the lesser 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 be called at par plus an annual call premium of 10.8% if each index closes at or above its initial level on any call observation date.
If each index finishes at or above its initial level, the payout at maturity will be $1,540 for each $1,000 principal amount.
If either index falls by up to its 60% trigger level, par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
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 index-linked notes
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| Underlying indexes: | Russell 2000 and Euro Stoxx 50
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| Amount: | $4,094,000
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| Maturity: | May 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 54%; if either index falls by up to 40%, par; otherwise, 1% loss for each 1% decline of worse performing index
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| Call: | At par plus 10.8% per year if each index closes at or above its initial level on any quarterly call date beginning Oct. 26, 2018
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| Initial levels: | 1,557.895 for Russell and 3,506.03 for Stoxx
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| Trigger levels: | 60% of initial levels
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| Pricing date: | April 26
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| Settlement date: | April 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 3.7%
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| Cusip: | 40055AZJ9
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