By Sarah Lizee
Olympia, Wash., June 15 – GS Finance Corp. priced $478,000 of 0% autocallable notes due June 26, 2025 linked to the Motif Capital National Defense 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Beginning June 12, 2019, the notes will be automatically called at par plus an annual call return of 12% if the index closes at or above its call level on any annual call observation date. The call level will be 104% of the initial level for the first call observation date, stepping up by 400 basis points on each subsequent year to a final call level of 124% of the initial level for the sixth observation date on June 12, 2024.
The payout at maturity will be par plus any index gain.
If the index falls or remains flat, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | Motif Capital National Defense 7 ER index
|
| Amount: | $478,000
|
| Maturity: | June 26, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; if the index falls, par
|
| Call: | Automatically at par plus a call return of 12% per year if the index closes at or above the applicable call level on any annual call observation date; call level will be 104% of the initial level for the first call observation date, stepping up by 400 bps on each subsequent year to a final call level of 124% of the initial level for the sixth observation date on June 12, 2024
|
| Initial level: | 135.80
|
| Pricing date: | June 12
|
| Settlement date: | June 15
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 5.08%
|
| Cusip: | 40055QAV4
|
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