By Wendy Van Sickle
Columbus, Ohio, Sept. 5 – GS Finance Corp. priced $227,000 of 0% autocallable notes due Sept. 16, 2024 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.
If the index closes at or above the applicable call level on any annual call observation date, the notes will be automatically called at par plus a call return of 5.65% per year.
The call level will be 102.5% of the initial level for the first call observation date on Aug. 31, 2020 and will step up by 250 basis points each year to a final level of 110% on Aug. 30, 2023.
The payout at maturity will be par plus 2 times any index gain. If the index finishes flat or falls, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
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 index: | Motif Capital National Defense 7 ER index
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Amount: | $227,000
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Maturity: | Sept. 16, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any index gain; if the index is flat or falls, par
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Call: | Automatically at par plus a call return of 5.65% per year if the index closes at or above the applicable call level on any annual call observation date; call level will be 102.5% of the initial level on the first call review date on Aug. 31, 2020, stepping up by 250 bps to a final call level of 110% on Aug. 30, 2023
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Initial level: | 139.94
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.14%
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Cusip: | 40056FXB6
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