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Published on 2/5/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $290,000 autocalls linked to Motif Capital Artificial Intelligence

By Wendy Van Sickle

Columbus, Ohio, Feb. 5 – GS Finance Corp. priced $290,000 of 0% autocallable notes due Feb. 11, 2027 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 5% if the index closes at or above the call level on any annual call date after two years.

The call level will be 105.8% of the initial level on the first call review date, stepping up by 290 basis points on each subsequent annual call review date to a final call level of 117.4% of the initial level on Jan. 28, 2026.

The payout at maturity will be par plus 125% of 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:Motif Capital Artificial Intelligence 8 ER index
Amount:$290,000
Maturity:Feb. 11, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus 125% of any index gain, par if index is flat or falls
Call:At par plus an annual call premium of 5% if index closes at or above its call level on any annual review date after two years
Initial level:129.89
Call level:105.8% of the initial level on the first call review date, stepping up by 290 bps on each subsequent call review date to a final call level of 117.4% of the initial level on Jan. 28, 2026
Pricing date:Jan. 28
Settlement date:Jan. 31
Agent:Goldman Sachs & Co.
Fees:4.49%
Cusip:40056XYZ3

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