By Marisa Wong
Morgantown, W.Va., Dec. 5 – GS Finance Corp. priced $467,000 of 0% autocallable notes due Dec. 12, 2024 linked to the Motif Capital Aging of America 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes at or above the applicable call level on any annual call observation date, the notes will be automatically called at par plus a call return of 10% per year. The call level will be 105% of the initial level for the first call observation date on Nov. 27, 2018 and steps up by 500 basis points each year to a call level of 130% of the initial level for the final call observation date on Nov. 27, 2023.
If the notes are not called, the payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Notes
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Underlying index: | Motif Capital Aging of America 7 ER index
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Amount: | $467,000
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Maturity: | Dec. 12, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; if the index falls, par
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Call: | Automatically at par plus a call return of 10% per year if the index closes at or above the applicable call level on any annual call observation date; call level will be 105% of the initial level for the first call observation date on Nov. 27, 2018 and steps up by 500 bps each year to a call level of 130% of the initial level for the final call observation date on Nov. 27, 2023
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Initial level: | 109.00
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | Goldman Sachs & Co.
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Fees: | 5.12%
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Cusip: | 40054LZR8
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