By Marisa Wong
Morgantown, W.Va., July 25 – GS Finance Corp. priced $4.7 million of 0% autocallable notes due July 23, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annualized call premium of 12.5% if the index closes at or above its initial level on Aug. 2, 2018 or July 22, 2019.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus the 37.5% maturity premium.
If the index finishes below its initial level but at or above 80% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the 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 index: | Euro Stoxx 50
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| Amount: | $4.7 million
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| Maturity: | July 23, 2020
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| Coupon: | 0%
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| Price: | Par
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| Call: | Automatically at par plus a 12.5% annualized call premium if index closes at or above its initial level on Aug. 2, 2018 or July 22, 2019
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| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 37.5%; if index falls by up to 20%, par; otherwise, 1% loss for every 1% that final index level is less than initial index level
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| Initial index level: | 3,499.49
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| Final level: | Average of closing index levels on five trading days ending July 20, 2020
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| Pricing date: | July 20
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| Settlement date: | July 25
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| Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
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| Fees: | 2.175%
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| Cusip: | 40054LLE2
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