By Susanna Moon
Chicago, July 19 – GS Finance Corp. priced $210,000 of 0% autocallable notes due July 26, 2028 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 10.45% 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.
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: | $210,000
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| Maturity: | July 26, 2028
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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 10.45% if index closes at or above its call level on any annual review date
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| Initial level: | 106.37
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| Call level: | 102% of the initial level on July 12, 2019, stepping up by 200 bps on each subsequent call review date up to 118% on July 12, 2027
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| Pricing date: | July 12
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| Settlement date: | July 17
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 5.7%
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| Cusip: | 40055QKF8
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