By Marisa Wong
Morgantown, W.Va., May 8 – GS Finance Corp. priced $1.24 million of 0% autocallable notes due May 10, 2027 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 11% if the index closes at or above its call level on any annual review date. The call level will be 102.5% of the initial level for the April 25, 2018 review date, stepping up by 250 basis points on each subsequent call review date up to 122.5% of the initial level on April 27, 2026.
The payout at maturity will be par plus triple 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 5 ER index
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Amount: | $1,235,000
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Maturity: | May 10, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index finishes flat or declines
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Call: | At par plus an annual call premium of 11% if the index closes at or above its call level on any annual review date
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Initial index level: | 100.70
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Call levels: | 102.5% of the initial level for the April 25, 2018 review date, stepping up by 250 basis points on each subsequent call review date up to 122.5% of the initial level on April 27, 2026
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Pricing date: | April 25
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Settlement date: | April 28
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Agent: | Goldman Sachs & Co.
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Fees: | 3.45%
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Cusip: | 40054L6R0
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