New Issue: Goldman prices $4.13 million step-down trigger autocallables on S&P, Stoxx

By Susanna Moon

Chicago, Oct. 20 – GS Finance Corp. priced $4.13 million of 0% step-down trigger autocallable notes due Oct. 19, 2022 linked to the lesser performing of the S&P 500 index and 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.

The notes will be called at par of $10 plus an annual call premium of 7.9% if each index closes at or above its initial level on any annual observation date.

If the notes are not called, the payout at maturity will be par plus $13.95 per $10.00 unless either index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Step down trigger autocallable securities
Underlying indexes:	S&P 500, Euro Stoxx 50
Amount:	$4,131,000
Maturity:	Oct. 19, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If each index finishes at or above 70% downside threshold, par plus 39.50%; otherwise, 1% loss for each 1% decline of worse performing index
Call:	At par plus 7.9% if each index closes at or above its initial level on any annual observation date
Initial levels:	2,553.17 for S&P, 3,604.55 for Stoxx
Downside thresholds:	1,787.22 for S&P, 2,523.19 for Stoxx; 70% of initial levels
Pricing date:	Oct. 13
Settlement date:	Oct. 18
Agent:	Goldman Sachs & Co.
Fees:	2.85%
Cusip:	36254F145

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