By Wendy Van Sickle
Columbus, Ohio, April 29 – GS Finance Corp. priced $1.88 million of 0% autocallable notes due May 10, 2023 linked to the GS Momentum Builder Multi-Asset 5 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 the call return of 10% per year. The call level is initially 105%, stepping up by 5% each year to a call level of 130% for the observation date in 2022.
If the index return is positive, the payout at maturity will be par plus double the index return. If the index return is zero or negative, the payout will be par.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable ndex-linked notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
|
| Amount: | $1,878,000
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| Maturity: | May 10, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, otherwise par
|
| Call: | If index closes at or above call level on any annual call observation date, automatically at par plus 10% per year; call level is initially 105%, stepping up by 5% a year to 130% for observation date in 2022
|
| Initial index level: | 109.09
|
| Pricing date: | April 26
|
| Settlement date: | April 29
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 4.9%
|
| Cusip: | 40054KA89
|
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