By Tali Rackner
Norfolk, Va., Dec. 5 – GS Finance Corp. priced $605,000 of 0% autocallable notes due Nov. 29, 2019 linked to the Russell 2000 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 10% if the index closes at or above the initial index level on Nov. 29, 2017 or at par plus 20% if the index closes at or above the initial index level on or Nov. 23, 2018.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 30%.
If the index return is negative but is not below negative 25%, the payout will be par. If the index return is below negative 25%, investors will lose 1% for every 1% that the index declines from its initial level.
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: | Russell 2000
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| Amount: | $605,000
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| Maturity: | Nov. 29, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 30% if index return is zero or positive; par if index declines by up to 25%; otherwise, full exposure to index’s decline from initial level
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| Call: | At par plus 10% if index closes at or above initial index level on Nov. 29, 2017, or par plus 20% if index closes at or above initial index level on or Nov. 23, 2018
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| Initial level: | 1,342.094
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| Trigger buffer level: | 75% of initial level
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| Pricing date: | Nov. 23
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| Settlement date: | Nov. 28
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 2.5%
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| Cusip: | 40054KN36
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