By Wendy Van Sickle
Columbus, Ohio, May 17 – GS Finance Corp. priced $1.88 million of 5.9% autocallable fixed-coupon notes due Nov. 19, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable semiannually.
If each index closes above its initial level on any semiannual call observation date, the notes will be automatically called at par plus the coupon.
The payout at maturity will be par unless either index finishes below its 80% trigger level, in which case investors will lose 1.25% for each 1% drop beyond 20%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable fixed-coupon notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index
|
| Amount: | $1,881,000
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| Maturity: | Nov. 19, 2019
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| Contingent payment: | 5.9%, payable semiannually
|
| Price: | Par
|
| Call: | Automatically at par if each index finishes above its initial level on any semiannual call observation date
|
| Payout at maturity: | Par unless any index falls or any finishes below 80% trigger level, in which case 1.25% loss for each 1% drop beyond 20%
|
| Initial levels: | 1,603.713 for Russell and 2,723.07 for S&P
|
| Pricing date: | May 14
|
| Settlement date: | May 17
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40055Q7D8
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