By Tali Rackner
Minneapolis, July 11 – GS Finance Corp. priced $3 million of 0% trigger autocallable notes due July 13, 2023 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 July 2019, the notes will be automatically called at par of $10 plus a call return of 17.5% a year if the index closes at or above its initial level on any annual call observation date.
The payout will be par if the index finishes positive or declines by up to 20%. Otherwise, investors will have full exposure to the decline.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Trigger autocallable notes
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Underlying index: | Euro Stoxx 50
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Amount: | $3 million
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Maturity: | July 13, 2023
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Coupon: | 0%
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Price: | Par of $10
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Call: | Beginning in July 2019, at par plus 17.5% per year if index closes at or above initial level on any annual call observation date
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Payout at maturity: | Par if the index finishes positive or declines by up to 20%; otherwise, full exposure to decline
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Initial levels: | 3,448.49
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Downside threshold: | 2,758.79, 80% of initial level
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Pricing date: | July 9
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Settlement date: | July 11
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Agents: | Goldman Sachs & Co.
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Fees: | 1.35%
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Cusip: | 36255U406
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