By Susanna Moon
Chicago, April 27 – GS Finance Corp. priced $2.55 million of 6.75% autocallable fixed coupon index-linked notes due April 25, 2019 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.
Interest is payable monthly.
The notes will be called at par if each index closes at or above its initial level on the call observation date.
The payout at maturity will be par unless either index finishes below its initial level and ever closes below its 70% downside threshold during the life of the notes, in which case 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 fixed coupon notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $2,547,000
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| Maturity: | April 25, 2019
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| Coupon: | 6.75%, payable monthly
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| Price: | Par
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| Payout at maturity: | If each index finishes below initial level and ever closes below 70% downside threshold, in which case 1% loss for each 1% decline of worse performing index
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| Call: | At par if each index closes at or above its initial level on Jan. 22, 2019
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| Initial levels: | 1,564.124 for Russell and 2,670.14 for S&P
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| Trigger levels: | 70% of initial levels
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| Pricing date: | April 20
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| Settlement date: | April 25
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 40055AYM3
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