By Sarah Lizee
Olympia, Wash., June 21 – GS Finance Corp. priced $78,000 of 0% autocallable notes due June 14, 2024 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call premium of 8% if the index closes at or above its call level on any annual review date. The call level will be 102% of the initial level for the June 1, 2020 review date, stepping up by 200 basis points on each subsequent call review date up to 108% of the initial level on the May 31, 2023 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. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
|
| Amount: | $78,000
|
| Maturity: | June 14, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain; otherwise, par
|
| Call: | At par plus an annual call premium of 8% if the index closes at or above its call level on any annual review date
|
| Initial index level: | 102.84
|
| Call level: | 102% of the initial level for the June 1, 2020 review date, stepping up by 200 bps on each subsequent call review date up to 108% of the initial level on the May 31, 2023 final review date
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 1.28%
|
| Cusip: | 40056FDR3
|
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