New Issue: GS Finance sells $1.95 million autocallable notes on Stoxx, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – GS Finance Corp. priced $1.95 million of autocallable notes due Feb. 6, 2023 linked to the Euro Stoxx 50 index and 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 an annualized premium of 10% if each index closes at or above its initial level on any quarterly call observation date after six months.

The payout at maturity will be par plus 50% if each index closes above its initial level. If either index falls but neither by more than 40%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable notes
Underlying indexes:	Russell 2000 and Euro Stoxx 50
Amount:	$1,954,000
Maturity:	Feb. 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above its initial level, par plus 50%; if either index falls, but not by more than 40%, par; otherwise, 1% loss for every 1% that lesser-performing index declines from initial level
Call option:	At par plus annualized premium of 10% if each index closes above its initial level on any quarterly call observation date after six months
Initial levels:	1,598.109 for Russell and 3,643.04 for Stoxx
Pricing date:	Jan. 29
Settlement date:	Jan. 31
Underwriter:	Goldman Sachs & Co.
Fees:	4.1%
Cusip:	40055ADS3

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