New Issue: Goldman prices $13.15 million trigger autocallables tied to Russell

By Marisa Wong

Morgantown, W.Va., Nov. 9 – Goldman Sachs Group, Inc. priced $13.15 million of 0% trigger autocallable optimization securities due Oct. 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date.

If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 40%. If the index return is negative but not below negative 38%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger autocallable optimization securities
Underlying index:	Russell 2000
Amount:	$13,150,300
Maturity:	Oct. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus 40%; if index return is negative but not below negative 38%, par; otherwise, full exposure to losses
Call option:	At par plus 8% per year if index closes at or above initial level on any quarterly observation date
Initial index level:	1,178.716
Pricing date:	Oct. 28
Settlement date:	Oct. 30
Underwriter:	Goldman Sachs & Co.
Fees:	2.85%
Cusip:	38148X423

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