By Wendy Van Sickle
Columbus, Ohio, May 30 – GS Finance Corp. priced $376,000 of 0% autocallable notes due May 27, 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 are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call premium of 16% if the index closes at or above its call level on any semiannual review date after one year. The call level will be 104% of the initial level for the May 24, 2019 review date, stepping up by 400 basis points on each subsequent annual call review date up to 121% of the initial level on the May 24, 2024 final review date.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. 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: | GS Momentum Builder Multi-Asset 5S ER index
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Amount: | $376,000
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Maturity: | May 27, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; otherwise, par
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Call: | At par plus an annual call premium of 16% if the index closes at or above its call level on any semiannual review date after one year
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Initial index level: | 105.44
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Call level: | 104% of the initial level for the May 24, 2019 review date, stepping up by 400 bps on each subsequent annual call review date up to 124% of the initial level on the May 24, 2024 final review date
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Pricing date: | May 24
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Settlement date: | May 30
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Agent: | Goldman Sachs & Co.
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Fees: | 5.05%
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Cusip: | 40055Q3M2
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