By Susanna Moon
Chicago, Feb. 9 – GS Finance Corp. priced $1.5 million of autocallable notes due Feb. 4, 2021 linked to the Euro Stoxx 50 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 12.5% if each index closes at or above its initial level on either annual observation date.
If each component finishes at or above its 70% trigger level, the payout at maturity will be par plus 37.5%.
Otherwise, investors will be fully exposed to any losses of the worse performing index or fund.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable notes
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| Underlying funds: | Euro Stoxx 50 index, SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1.5 million
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| Maturity: | Feb. 4, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each component finishes above 70% trigger, par plus 37.5%; otherwise, 1% loss per 1% decline of worse performing index or fund
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| Call option: | At par plus 12.5% per year if each index closes above its initial level on Feb. 4, 2019 or Jan. 28, 2020
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| Initial levels: | 3,647.41 for Stoxx, $39.06 for oil fund
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| Trigger levels: | 70% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Feb. 1
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| Underwriter: | Goldman Sachs & Co.
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| Fees: | 0.25%
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| Cusip: | 40055AG35
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