New Issue: Goldman Sachs prices $6.08 million trigger autocallables linked to Hang Seng China Enterprises

By Angela McDaniels

Tacoma, Wash., Jan. 30 – Goldman Sachs Group, Inc. priced $6.08 million of 0% trigger autocallable optimization securities due Jan. 31, 2020 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning in February 2016, the notes will be called at par of $10 plus a call return of 9% per year if the index closes at or above the initial level on any quarterly observation date.

If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 45%. If the index return is negative but not below negative 36.5%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger autocallable optimization securities
Underlying index:	Hang Seng China Enterprises
Amount:	$6,079,800
Maturity:	Jan. 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus 45%; if index return is negative but not below negative 36.5%, par; otherwise, full exposure to losses
Call option:	At par plus 9% per year if index closes at or above initial level on any quarterly observation date beginning in February 2016
Initial index level:	11,963.64
Trigger level:	2,116.14, 63.5% of initial level
Pricing date:	Jan. 28
Settlement date:	Jan. 30
Underwriter:	Goldman Sachs & Co.
Fees:	2.85%
Cusip:	38148L122

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