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Published on 9/29/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $119,000 autocalls linked to GS Momentum Builder

Chicago, Sept. 30 – GS Finance Corp. priced $119,000 of 0% autocallable notes due Sept. 11, 2026 linked to the GS Momentum Builder Multi-Asset 5S 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 be 102% of the initial level on the first call review date, stepping up by 200 basis points on each subsequent annual call review date to a final call level of 112% of the initial level on Aug. 27, 2025.

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

If the index falls or remains flat, the payout will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

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:$119,000
Maturity:Sept. 11, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, par if index is flat or falls
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:109.77
Call level:102% of the initial level on the first call review date, stepping up by 200 bps on each subsequent annual call review date to a final call level of 112% of the initial level on Aug. 27, 2025
Pricing date:Aug. 27
Settlement date:Aug. 30
Agent:Goldman Sachs & Co.
Fees:4.875%
Cusip:40056FWD3

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