By Angela McDaniels
Tacoma, Wash., Oct. 18 – GS Finance Corp. priced $1.45 million of 0% autocallable notes due Oct. 21, 2020 linked to West Texas Intermediate crude oil and Brent crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 15% per year if each underlier closes at or above its initial price on Jan. 16, 2020, April 16, 2020 or July 16, 2020.
If the notes are not called and the final price of each underlier is greater than or equal to its initial price, the payout at maturity will be par plus 15%.
If the final price of each underlier is greater than or equal to 60% of its initial price but the final price of either underlier is less than its initial price, the payout will be par.
If the final price of either underlier is less than 60% of its initial price, investors will lose 1% for every 1% that the lesser-performing underlier declines from its initial price.
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 commodities: | First nearby West Texas Intermediate crude oil futures contract and first nearby ICE Brent crude oil futures contract
|
| Amount: | $1,453,000
|
| Maturity: | Oct. 21, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final price of each underlier is greater than or equal to initial price, be par plus 15%; if final price of each underlier is greater than or equal to 60% of initial price but final price of either underlier is less than initial price, par; if final price of either underlier is less than 60% of initial price, 1% loss for every 1% that lesser-performing underlier declines from initial price
|
| Call: | Automatically at par plus call premium of 15% per year if each underlier closes at or above initial price on Jan. 16, 2020, April 16, 2020 or July 16, 2020
|
| Initial prices: | $53.55 for West Texas Intermediate crude oil and $59.10 for Brent crude oil (closing prices on Oct. 10)
|
| Pricing date: | Oct. 16
|
| Settlement date: | Oct. 21
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.1%
|
| Cusip: | 40056XK54
|
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