By Wendy Van Sickle
Columbus, Ohio, Dec. 16 – GS Finance Corp. priced $492,000 of 0% autocallable equity-linked notes due Dec. 8, 2025 linked to the least performing of the stocks of Microsoft Corp., Facebook, Inc. and PayPal Holdings, Inc., 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 32% a year if each stock closes at or above its call level on any quarterly call observation date; the call level is 110% of the initial level.
If all three stocks finish at or above 110% of their initial value, the payout at maturity will be par plus 160%.
If the worst performing stock finishes below 110% of its initial value but not lower than 100% of its initial value, the payout at maturity will be par.
If any stock falls, investors will be exposed to the decline of the least performing stock.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable equity-linked notes
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| Underlying stocks: | Microsoft Corp., Facebook, Inc. and PayPal Holdings, Inc.
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| Amount: | $492,000
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| Maturity: | Dec. 8, 2025
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 32% a year if each stock closes above 110% call level on any quarterly call observation date
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| Payout at maturity: | If worst performer finishes above 110% of initial value, par plus 160%; if worst performer finishes below 110% but above 100% of initial value, par; otherwise exposure to losses of worst performer
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| Initial prices: | $214.24 for Microsoft, $281.85 for Facebook and $214.54 for PayPal
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| Pricing date: | Dec. 4
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| Settlement date: | Dec. 9
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.55%
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| Cusip: | 40057ETP2
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