By Susanna Moon
Chicago, July 1 – GS Finance Corp. priced $496,000 of 0% autocallable notes due July 12, 2023 linked to the GS Momentum Builder Multi-Asset 5 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 return of 12% if the index closes at or above its call level on any annual call observation date. The call level is initially 106%, stepping up by 6% each year to a call level of 136% for the observation date in 2022.
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.
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| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable index-linked notes
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| Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
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| Amount: | $496,000
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| Maturity: | July 12, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any index gain, floor of par
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| Call: | At par plus 12% per year if index closes at or above call level on any annual call observation date; call level is initially 106%, stepping up by 6% a year to 136% for observation date in 2022
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| Initial index level: | 98.19
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 4.9%
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| Cusip: | 40054KDM5
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