By Marisa Wong
Morgantown, W.Va., July 11 – GS Finance Corp. priced $545,000 of 0% autocallable notes due July 10, 2026 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.
After one year, the notes will be called at par plus an annual call premium of 8.3% if the index closes at or above its call level on any semiannual review date. The call level will be 102% of the initial level for the June 26, 2019 review date, stepping up by 100 basis points on each subsequent call review date up to 115% of the initial level on the Dec. 26, 2025 final review date.
The payout at maturity will be par plus 1.5 times 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: | $545,000
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Maturity: | July 10, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain; otherwise, par
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Call: | At par plus an annual call premium of 8.3% 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: | 105.71
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Call level: | 102% of the initial level for the June 26, 2019 review date, stepping up by 100 bps on each subsequent call review date up to 115% of the initial level on the Dec. 26, 2025 final review date
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Pricing date: | June 26
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Settlement date: | June 29
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Agent: | Goldman Sachs & Co.
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Fees: | 3.4%
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Cusip: | 40055QFW7
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