By Susanna Moon
Chicago, Jan. 7 – GS Finance Corp. priced $470,000 of 0% autocallable notes due Dec. 29, 2023 linked to the lesser performing of the S&P 500 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 13.5% if each index closes at or above its initial level on any call observation date after one year.
If each index finishes at or above its initial level, the payout at maturity will be $1,675 for each $1,000 principal amount.
If either index falls by up to its 60% downside threshold, 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.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable notes
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| Underlying indexes: | S&P 500, Euro Stoxx 50
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| Amount: | $470,000
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| Maturity: | Dec. 29, 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 67.5%; if either index falls by up 40%, par; otherwise, 1% loss for each 1% decline of worse performing index
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| Call: | At par plus 13.5% per year if each index closes at or above its initial level on any annual review date beginning Dec. 23, 2019
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| Initial levels: | 2,416.62 for S&P, 3,000.61 for Stoxx
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| Trigger levels: | 60% of initial levels
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 28
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.56%
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| Cusip: | 40056EKD9
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