By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – GS Finance Corp. priced $7.9 million of 0% trigger autocallable notes due Jan. 3, 2019 linked to the S&P 500 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 automatically called at par of $10 plus 7% per year if the index closes at or above its initial level on any quarterly call observation date.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 14%.
Investors will receive par if index declines by 20% or less and will lose 1% for every 1% that the final index level is below the initial level if it declines by more than 20%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable notes
|
| Underlying index: | S&P 500
|
| Amount: | $7,902,230
|
| Maturity: | Jan. 3, 2019
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 14% if return is flat or positive; par if index declines by up to 20%; otherwise, full exposure to index decline
|
| Call: | Automatically at par of $10 plus 7% per year if the index closes at or above initial level on any quarterly call observation date
|
| Initial level: | 2,249.92
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 30
|
| Agents: | Goldman Sachs & Co.
|
| Fees: | 1.675%
|
| Cusip: | 36251U533
|
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