New Issue: Goldman sells $309,000 autocallable notes on Dow, Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Oct. 22 – GS Finance Corp. priced $309,000 of 0% autocallable notes due Oct. 23, 2023 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 7.5% annualized premium if each index closes at or above its initial level on any annual review date.

The payout at maturity will be par plus 30% if each index gains. If the laggard index falls by up to 35%, the payout will be par. Otherwise, investors will be fully exposed to any losses of the worst 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, Dow Jones industrial average, Russell 2000
Amount:	$309,000
Maturity:	Oct. 18, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 30%; if any index falls by up to 35%, par; otherwise, full exposure to loss of worst performing index
Call:	At par plus 7.5% a year if each index closes at or above its initial level on any annual review date
Initial levels:	1,545.38 for Russell, 2,728.27 for S&P and 25,052.83 for Dow
Trigger levels:	65% of initial levels
Pricing date:	Oct. 11
Settlement date:	Oct. 16
Agent:	Goldman Sachs & Co. LLC
Fees:	4.725%
Cusip:	40056EAB4

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