By Sarah Lizee
Olympia, Wash., July 5 – GS Finance Corp. priced $491,000 of 0% autocallable notes due July 15, 2024 linked to the Motif Capital Aging of America 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 7.5% if the index closes at or above the call level on any annual call date.
The call level will 102.5% of the initial level on the first call review date, stepping up by 250 basis points on each subsequent call review date.
The payout at maturity will be par plus double any index gain.
If the index falls, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable Notes
|
| Underlying index: | Motif Capital Aging of America 7 ER
|
| Amount: | $491,000
|
| Maturity: | July 15, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, floor of par
|
| Call: | At par plus an annual call premium of 7.5% if index closes at or above its call level on any annual review date
|
| Initial level: | 117.35
|
| Call level: | 102.5% of the initial level on June 29, 2020, stepping up by 250 bps on each subsequent call review date up to final level of 110% on June 28, 2023
|
| Pricing date: | June 28
|
| Settlement date: | July 3
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 40056FLB9
|
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