By Marisa Wong
Morgantown, W.Va., May 4 – GS Finance Corp. priced $460,000 0% leveraged Motif Capital basket-linked notes due Jan. 30, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The equally weighted basket consists of the Motif Capital Aging of America 7 ER index and the Motif Capital National Defense 7 ER index.
The payout at maturity will be par plus the basket return, subject to a floor of par.
The basket return will be the sum of the weighted component returns.
The component return for each basket index will be the greater of zero and 200% of the index return.
The aging index tracks the U.S. exchange-listed common equity securities of companies that may benefit from the long-term demographic shift towards an older population in the United States because they have revenues from developing therapies for medical conditions that disproportionately affect senior citizens or providing senior housing facilities or Medicare insurance. The index measures the extent to which the stocks and any money market position outperform Libor plus 75 basis points per year, accruing daily.
The defense index tracks the U.S. exchange-listed common equity of public companies that derive at least 10% of their revenue from defense-related sales, principally of weapons systems to U.S. and foreign governments. The index measures the extent to which the stocks and any money market position outperform Libor plus 75 basis points per year, accruing daily.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Leveraged Motif Capital basket-linked notes
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| Underlying indexes: | Motif Capital Aging of America 7 ER index and Motif Capital National Defense 7 ER index, equally weighted
|
| Amount: | $460,000
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| Maturity: | Jan. 30, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus the basket return, subject to a floor of par; basket return will be the sum of the weighted component returns; component return for each basket index will be the greater of zero and 200% of the index return
|
| Initial index levels: | 102.08 for Aging index and 113.07 for Defense index
|
| Pricing date: | April 25
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| Settlement date: | April 28
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 4.425%
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| Cusip: | 40054L4L5
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