By Sarah Lizee
Olympia, Wash., April 24 – GS Finance Corp. priced $936,000 of 0% autocallable notes due May 6, 2026 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 7% if the index closes at or above its call level on any annual review date. The call level will be 102.1% of the initial level for the April 22, 2020 review date, stepping up by 210 basis points on each subsequent call review date up to 112.6% of the initial level on the April 22, 2025 final review date.
The payout at maturity will be par plus double any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. LLC 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: | $936,000
|
| Maturity: | May 6, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain; otherwise, par
|
| Call: | At par plus an annual call premium of 7% if the index closes at or above its call level on any annual review date after one year
|
| Initial index level: | 133.50
|
| Call level: | 102.1% of the initial level for the April 22, 2020 review date, stepping up by 210 bps on each subsequent call review date up to 112.6% of the initial level on the April 22, 2025 final review date
|
| Pricing date: | April 22
|
| Settlement date: | April 25
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.4%
|
| Cusip: | 40056FBN4
|
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