By Wendy Van Sickle
Columbus, Ohio, June 1 – GS Finance Corp. priced $1.25 million of 0% autocallable notes due June 12, 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 called at par plus an annual call premium of 12% if index closes at or above the call level on any annual call date.
The call level will be 102% of the initial level on the first call review date, stepping up by 200 basis points on each subsequent call review date to a final level of 112% on May 29, 2024.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | $1.25 million
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| Maturity: | June 12, 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, floor of par
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| Call: | At par plus an annual call premium of 12% if index closes at or above its call level on any annual review date
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| Initial level: | 105.01
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| Call level: | 102% of the initial level for the May 29, 2019 review date, stepping up by 200 bps on each subsequent call review date up to 112% on May 29, 2024
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| Pricing date: | May 29
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| Settlement date: | June 1
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 40055QAZ5
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