By Susanna Moon
Chicago, Sept. 24 – GS Finance Corp. priced $5.28 million of 0% autocallable notes due March 17, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 9.5% if each index closes at or above its initial level on any call observation date after six months.
If each index finishes at or above its initial level, the payout at maturity will be $1,142.50 for each $1,000 principal amount.
If either index falls by up to 20%, the payout at maturity will be 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $5,276,000
|
| Maturity: | March 17, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 14.25%; if either index falls by up 20%, par; otherwise, 1.25% loss for each 1% decline of worse performing index beyond 20%
|
| Call: | At par plus 9.5% annualized if each index closes at or above its initial level on any annual review date beginning March 12, 2019
|
| Initial levels: | 2,888.92 for S&P, 1,715.696 for Russell
|
| Barrier levels: | 80% of initial levels
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 17
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40055QZ88
|
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