By Marisa Wong
Morgantown, W.Va., July 12 – GS Finance Corp. priced $1.26 million of 0% autocallable notes due July 11, 2028 linked to the GS Momentum Builder Multi-Asset 5S 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 10% if the index closes at or above its call level on any semiannual review date. The call level will be 101.25% of the initial level for the Dec. 26, 2018 review date, stepping up by 125 basis points on each subsequent call review date up to 123.75% of the initial level on the Dec. 27, 2027 final review date.
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 5S ER index
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Amount: | $1,257,000
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Maturity: | July 11, 2028
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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 10% if the index closes at or above its call level on any semiannual review date
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Initial index level: | 105.71
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Call level: | 101.25% of the initial level for the Dec. 26, 2018 review date, stepping up by 125 bps on each subsequent call review date up to 123.75% of the initial level on the Dec. 27, 2027 final review date
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Pricing date: | June 26
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Settlement date: | June 29
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Agent: | Goldman Sachs & Co.
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Fees: | 5.7%
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Cusip: | 40055QCK6
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