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GS Finance raises return for notes on GS Momentum Builder Multi-Asset
New York, April 26 – GS Finance Corp. increased the call return for its planned offering of 0% autocallable index-linked notes due May 29, 2025 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The call return is now 8% per year, raised from 7.25% when the deal was announced on April 23.
As revised, if the closing level of the index is greater than the call level on any call observation date the notes will be automatically called at par plus the call return of 8% per year. The call level is 102.25% of its initial level on May 14, 2019, 104.5% of its initial level on May 14, 2020, 106.75% of its initial level on May 14, 2021, 109% of its initial level on May 16, 2022, 111.25% of its initial level on May 15, 2023 and 113.5% of its initial level on May 14, 2024.
At maturity, the payout will be par plus any index gain, or par if the index declines or finishes flat.
Goldman, Sachs & Co. is the agent.
The notes will price on May 14 and settle on May 17.
The Cusip number is 40055AYT8.
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