By Wendy Van Sickle
Columbus, Ohio, Jan. 29 – GS Finance Corp. priced $3.96 million of 0% autocallable notes due Jan. 31, 2019 linked to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a call premium of 14.25% per year if each index closes at or above its call level on either call observation date. For each index, the call level for the first call observation date, Feb. 2, 2017, is 100% of the initial level, and the call level for the second call observation date, Jan. 26, 2018, is 95% of the initial level.
If the notes are not called and the return of each index is greater than or equal to negative 10%, the payout at maturity will be $1,427.40 per $1,000 principal amount of notes.
If the return of each index is greater than or equal to negative 25% but the return of either index is less than negative 10%, the payout will be par.
If the return of either index is less than negative 25%, investors will be fully exposed to the decline of the lesser-performing index.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Gurantor: | Goldman Sachs Group Inc.
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| Issue: | Autocallable notes
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| Underlying indexes: | Euro Stoxx 50, S&P 500
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| Amount: | $3,955,000
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| Maturity: | Jan. 31, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | Automatically at par plus call premium of 14.25% per year if each index closes at or above its call level of 100% of its initial level on Feb. 2, 2017 or 95% of its initial level on Jan. 26, 2018
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| Payout at maturity: | If both indexes close at or above negative 10%, $1,427.40; par if either index finishes below negative 10% but neither finishes below negative 25%; full exposure to loss of worse performing index if either closes below negative 25%
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| Initial index levels: | 3,032.84 for Euro Stoxx 50 and 1,903.63 for S&P 500
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 29
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| Agents: | Goldman Sachs & Co.
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| Fees: | 2.5%
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| Cusip: | 40054CBA1
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