By Wendy Van Sickle
Columbus, Ohio, March 13 – GS Finance Corp. priced $3.29 million of 0% autocallable index-linked notes due March 12, 2020 tied to the Russell 2000 index and the Nikkei 225 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 called at par plus a 12.65% annualized premium if the indexes close at or above their call levels, 100% of their initial levels on the first annual observation date and 95% of their initial levels on the second.
If the notes are not called, the payout at maturity will be par plus 37.95% if each index closes at or above 90% of its initial level.
If the lesser performing index finishes below its initial level but at or above its trigger level, 75% of its initial level, the payout at maturity will be par.
If either index falls by more than 25%, investors will be exposed to any losses of the worst-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
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| Underlying indexes: | Russell 2000 and Nikkei 225
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| Amount: | $3,285,000
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| Maturity: | March 12, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above 90% of its initial level, par plus 37.95%; if lowest performing index finishes below its initial level but at or above trigger level, par; if either index falls by more than 25%, par plus return of worst-performing index, with full exposure to losses
|
| Call: | At par plus 12.65% per year if both indexes close at or above their call levels, 100% of their initial levels on the first annual observation date and 95% of their initial levels on the second
|
| Initial index levels: | 1,360.119 for Russell, 19,318.58 for Nikkei
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| Trigger levels: | 75% of initial levels
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| Pricing date: | March 9
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| Settlement date: | March 14
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 2.425%
|
| Cusip: | 40054KZU3
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