E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/1/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $764,000 autocalls tied to Motif Capital Artificial Intelligence

By Wendy Van Sickle

Columbus, Ohio, May 1 – GS Finance Corp. priced $764,000 of 0% autocallable notes due May 11, 2026 linked to the Motif Capital Artificial Intelligence 8 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 6.5% if the index closes at or above the call level on any annual call date.

The call level will 102.4% of the initial level on the first call review date, stepping up by 240 basis points on each subsequent call review date.

The payout at maturity will be par plus double any index gain.

If the index falls, the payout will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Autocallable Notes
Underlying index:Motif Capital Artificial Intelligence 8 ER
Amount:$764,000
Maturity:May 11, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus double any index gain, floor of par
Call:At par plus an annual call premium of 6.5% if index closes at or above its call level on any annual review date
Initial level:126.32
Call level:102.4% of the initial level on April 27, 2020, stepping up by 240 bps on each subsequent call review date up to final level of 114.4% on April 28, 2025
Pricing date:April 25
Settlement date:April 30
Agent:Goldman Sachs & Co.
Fees:4.88%
Cusip:40056FA88

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.