By Wendy Van Sickle
Columbus, Ohio, Nov. 17 – GS Finance Corp. priced $3.32 million of 7.25% autocallable notes due Feb. 15, 2019 linked to 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 guaranteed by Goldman Sachs Group, Inc.
Interest is payable quarterly
The notes will be called at par plus the coupon if both indexes close above their initial levels on any quarterly call observation date after year.
The payout at maturity will be par unless either index finishes below its initial level and either index has closed below the 70% trigger level any day during the life of the notes, in which case full exposure to loss of lesser performing index.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $3,315,000
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| Maturity: | Feb. 15, 2019
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| Coupon: | 7.25%, payable quarterly
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| Price: | Par
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| Call: | Automatically at par plus the coupon if both indexes close above their initial levels on any quarterly call observation date after year
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| Payout at maturity: | Par unless either index finishes below initial level and either index has closed below the 70% trigger level any day during the life of the notes, in which case full exposure to loss of lesser performing index
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| Initial index levels: | 2,584.84 for S&P and 1,475.068 for Russell
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| Pricing date: | Nov. 13
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| Settlement date: | Nov. 16
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| Underwriter: | Goldman Sachs & Co. LLC
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| Fees: | 0.8%
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| Cusip: | 40055A4E4
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