By Sarah Lizee
Olympia, Wash., Oct. 16 – GS Finance Corp. priced $3.66 million of 0% step down trigger autocallable notes due Oct. 15, 2021 linked to the lesser performing of the S&P 500 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par of $10 plus a call premium of 9.8% per year if each index closes at or above its initial level on Oct. 15, 2019 or Oct. 12, 2020.
If the notes are not subject to an automatic call, and the final level of the worst performing index is higher than or equal to its downside threshold, 75% of its initial level, investors will receive par plus a premium of 29.4%.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Step down trigger autocallable notes
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| Underlying indexes: | MSCI EAFE and S&P 500
|
| Amount: | $3.66 million
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| Maturity: | Oct. 15, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Par plus 29.4% if each index closes at or above downside threshold; otherwise full exposure to decline of lesser-performing index from initial level
|
| Call: | At par plus 9.8% per year if each index closes at or above its call threshold level on Oct. 15, 2019 or Oct. 12, 2020
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| Initial index levels: | 2,785.68 for S&P 500 and 1,893.46 for EAFE
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| Downside thresholds: | 2,089.26 for S&P 500 and 1,420.10 for EAFE; 75% of initial levels
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| Pricing date: | Oct. 10
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| Settlement date: | Oct. 15
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| Underwriter: | Goldman Sachs & Co. with UBS Financial Services Inc. as selling agent
|
| Fees: | 0.25%
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| Cusip: | 36256M312
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