By Wendy Van Sickle
Columbus, Ohio, June 5 – GS Finance Corp. priced $285,000 of 0% autocallable notes due June 11, 2026 linked to the Motif Capital Aging of America 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes at or above the applicable call level on any annual call observation date, the notes will be automatically called at par plus a call return of 5% per year. The call level will be 101.5% of the initial level for the first call observation date on May 28, 2020 and steps up by 150 basis points each year to a call level of 109% of the initial level for the final call observation date on May 28, 2025.
The payout at maturity will be par plus 2 times any index gain. If the index falls, the payout will be par.
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: | Motif Capital Aging of America 7 ER index
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| Amount: | $285,000
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| Maturity: | June 11, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain; if the index falls, par
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| Call: | Automatically at par plus a call return of 5% per year if the index closes at or above the applicable call level on any annual call observation date; call level will be 102.4% of the initial level for the first call observation date on May 28, 2020 and steps up by 150 bps each year to a call level of 109% of the initial level for the final call observation date on May 28, 2025
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| Initial level: | 114.56
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| Pricing date: | May 28
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| Settlement date: | May 31
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| Agent: | Goldman Sachs & Co. LLC
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| Fees: | 5.05%
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| Cusip: | 40056FFK6
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