By Wendy Van Sickle
Columbus, Ohio, July 31 – GS Finance Corp. priced $2.78 million of 0% autocallable notes due Aug. 9, 2028 linked to the Motif Capital National Defense 7 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 11% if the index closes at or above its call level on any annual review date. The call level will be 102.5% of the initial level for the July 26, 2019 review date, stepping up by 250 basis points on each subsequent call review date up to 122.5% of the initial level on the July 26, 2027 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | Motif Capital National Defense 7 ER index
|
| Amount: | $2,777,000
|
| Maturity: | Aug. 9, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; otherwise, par
|
| Call: | At par plus an annual call premium of 11% if the index closes at or above its call level on any annual review date after one year
|
| Initial index level: | 135.68
|
| Call level: | 102.5% of the initial level for the July 26, 2019 review date, stepping up by 250 bps on each subsequent call review date up to 122.5% of the initial level on the July 26, 2027 final review date
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 5.7%
|
| Cusip: | 40055QLE0
|
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