New Issue: Goldman prices $1.72 million 0% five-year autocalls tied to S&P, Russell

By Susanna Moon

Chicago, June 4 – GS Finance Corp. priced $1.72 million of 0% autocallable notes due June 1, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 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% if each index closes at or above its initial level on any call observation date after one year.

If each index finishes at or above its initial level, the payout at maturity will be $1,400 for each $1,000 principal amount.

If either index falls by up to its 60% downside threshold, the payout at maturity will be 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.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1.72 million
Maturity:	June 1, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 40%; if either index falls by up 40%, par; otherwise, 1% loss for each 1% decline of worse performing index
Call:	At par plus 8% per year if each index closes at or above its initial level on any annual review date beginning May 24, 2019
Initial levels:	2,727.76 for S&P, 1,628.222 for Russell
Trigger levels:	1,636.656 for S&P, 976.9332 for Russell, 60% of initial levels
Pricing date:	May 24
Settlement date:	May 30
Agent:	Goldman Sachs & Co. LLC
Fees:	5.32%
Cusip:	40055Q6C1

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