By Susanna Moon
Chicago, May 4 – GS Finance Corp. priced $2.87 million of 0% autocallable index-linked notes due May 2, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 8.5% if each index closes at or above its initial level on any annual call observation date.
If each index finishes at or above its initial level, the payout at maturity will be $1,425 for each $1,000 principal amount.
If either index falls by up to its 60% trigger level, par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $2,873,000
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| Maturity: | May 2, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 42.5%; if either index falls by up to 40%, par; otherwise, 1% loss for each 1% decline of worse performing index
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| Call: | At par plus 8.5% per year if each index closes at or above its initial level on any annual call date beginning April 25, 2019
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| Initial levels: | 1,550.467 for Russell and 2,639.40 for S&P
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| Trigger levels: | 60% of initial levels
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| Pricing date: | April 25
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| Settlement date: | April 30
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 4.725%
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| Cusip: | 40055AWB9
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