By Marisa Wong
Morgantown, W.Va., July 12 – GS Finance Corp. priced $308,000 of 0% autocallable notes due July 11, 2025 linked to the Motif Capital Aging of America 7 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 a call return of 12% per year. The call level will be 104% of the initial level for the first call observation date on June 26, 2019 and steps up by 400 basis points each year to a call level of 124% of the initial level for the final call observation date on June 26, 2024.
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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
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| Underlying index: | Motif Capital Aging of America 7 ER index
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| Amount: | $308,000
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| Maturity: | July 11, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain; if the index falls, par
|
| Call: | Automatically at par plus a call return of 12% per year if the index closes at or above the applicable call level on any annual call observation date; call level will be 104% of the initial level for the first call observation date on June 26, 2019 and steps up by 400 basis points each year to a call level of 124% of the initial level for the final call observation date on June 26, 2024
|
| Initial level: | 112.13
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| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 5.07%
|
| Cusip: | 40055QCL4
|
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