By Tali Rackner
Minneapolis, April 6 – GS Finance Corp. priced $830,000 of 0% autocallable notes due April 2, 2020 linked to the Euro Stoxx 50 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 12.05% call premium if the index closes at or above its initial level on April 6, 2018 and at par plus 24.1% on April 1, 2019.
If the final index level is at equal to or greater than the initial index level, the payout at maturity will be par plus 36.15%.
If the index falls by up to 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $830,000
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| Maturity: | April 2, 2020
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| Coupon: | 0%
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| Price: | Par
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| Call: | Automatically at par plus a 12.05% call premium if index closes at or above its initial level on April 6, 2018 and at par plus 24.1% on April 1, 2019
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| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 36.15%; if index falls by up to 25%, par; otherwise, 1% loss for every 1% that final index level is less than initial index level
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| Initial index level: | 3,481.58
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| Pricing date: | March 30
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| Settlement date: | April 4
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| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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| Fees: | 2.425%
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| Cusip: | 40054L3N2
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