New Issue: GS Finance prices $20.78 trigger autocallable notes on Stoxx

By Wendy Van Sickle

Columbus, Ohio, Nov. 19 – GS Finance Corp. priced $20.78 million of 0% trigger autocallable notes due Nov. 20, 2024 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.

Beginning in November 2020, the notes will be automatically called at par of $10 plus a call return of 10% a year if the index closes at or above its initial level on any quarterly call observation date.

The payout will be par plus 50% if the index finishes positive. Par if the index declines by up to 32%. Otherwise, investors will have full exposure to the decline.

Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger autocallable notes
Underlying index:	Euro Stoxx 50
Amount:	$20,780,500
Maturity:	Nov. 20, 2024
Coupon:	0%
Price:	Par of $10
Call:	Beginning in November 2020, at par plus 10% per year if index closes at or above initial level on any quarterly call observation date
Payout at maturity:	Par plus 50% if the index finishes positive; par if index declines by up to 32%; otherwise, full exposure to decline
Initial levels:	3,711.61
Downside threshold:	2,523.89, 68% of initial level
Pricing date:	Nov. 15
Settlement date:	Nov. 20
Agents:	Goldman Sachs & Co. and UBS Financial Services Inc.
Fees:	2.85%
Cusip:	36258L866

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