By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – GS Finance Corp. priced $454,000 of 0% autocallable notes due March 8, 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 premium of 9% if the index closes at or above its call level on any annual review date. The call level will be 103.25% of the initial level for the Feb. 22, 2019 review date, stepping up by 325 basis points on each subsequent call review date up to 113% of the initial level on Feb. 22, 2022.
The payout at maturity will be par plus 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 notes
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Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
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Amount: | $454,000
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Maturity: | March 8, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; otherwise, par
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Call: | At par plus an annual call premium of 9% if the index closes at or above its call level on any annual review date
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Initial index level: | 106.61
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Call level: | 103.25% of the initial level for the Feb. 22, 2019 review date, stepping up by 325 bps on each subsequent call review date up to 113% of the initial level on Feb. 22, 2022
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Pricing date: | Feb. 22
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Settlement date: | Feb. 27
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Agent: | Goldman Sachs & Co.
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Fees: | 1.1%
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Cusip: | 40055AJN8
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