By Sarah Lizee
Olympia, Wash., March 21 – GS Finance Corp. priced $57,000 of 0% autocallable notes due April 2, 2026 linked to the Motif Capital National Defense 7 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 9.55% if index closes at or above the call level on any annual call date.
The call level will 103% of the initial level on the first call review date, stepping up by 300 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable Notes
|
| Underlying index: | Motif Capital National Defense 7 ER index
|
| Amount: | $57,000
|
| Maturity: | April 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, floor of par
|
| Call: | At par plus an annual call premium of 9.55% if index closes at or above its call level on any annual review date
|
| Initial level: | 131.45
|
| Call level: | 103% of the initial level on March 19, 2020, stepping up by 300 bps on each subsequent call review date up to final level of 118% on March 19, 2025
|
| Pricing date: | March 19
|
| Settlement date: | March 22
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.65%
|
| Cusip: | 40056F2W4
|
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