By Wendy Van Sickle
Columbus, Ohio, Aug. 30 – GS Finance Corp. priced $1.22 million of 0% autocallable notes due Sept. 11, 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 automatically called at par plus 5% per year if the index closes at or above its call level on any annual call observation date. The call level is 102.25% of the initial index level on the first call observation date and increases by 225 basis points each year.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 2 times the index return. If the index return is zero or negative, 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
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| Underlying index: | Motif Capital National Defense 7 ER index
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| Amount: | $1,217,000
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| Maturity: | Sept. 11, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 2 times index return; if index return is zero or negative, par
|
| Call: | Automatically at par plus 5% per year if index closes at or above call level on any annual call observation date
|
| Initial level: | 138.74
|
| Call level: | 102.25% of initial index level on Aug. 27, 2020 and steps up by 225 bps each year
|
| Pricing date: | Aug. 27
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| Settlement date: | Aug. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.81%
|
| Cusip: | 40056FX42
|
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