By Susanna Moon
Chicago, Dec. 29 – GS Finance Corp. priced $492,000 of 0% autocallable notes due Jan. 5, 2023 linked to the GS Momentum Builder Multi-Asset 5S ER 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 an annual call premium of 9% if index closes at or above the call level on any annual call date. The call level will be 103.25% of the initial level on the first call review date of Dec. 20, 2018, stepping up by 325 basis points on each subsequent call review date to a final level of 113% on Dec. 20, 2021.
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: | Autocallable Notes
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| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
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| Amount: | $492,000
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| Maturity: | Jan. 5, 2023
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 9% per year if index closes at or above call level on any annual call date; call level will be 103.25% on Dec. 20, 2018, stepping up by 325 bps on each subsequent call review date to 113% on Dec. 20, 2021
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| Payout at maturity: | Par plus any index gain, floor of par
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| Initial index level: | 105.9
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 26
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| Agent: | Goldman Sachs & Co.
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| Fees: | 1.1%
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| Cusip: | 40055A7J0
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