By Sarah Lizee
Olympia, Wash., April 24 – GS Finance Corp. priced $1.2 million of 0% autocallable notes due May 7, 2029 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 8.7% if the index closes at or above its call level on any annual review date. The call level will be 102% of the initial level for the April 22, 2020 review date, stepping up by 200 basis points on each subsequent call review date up to 118% of the initial level on the April 24, 2028 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. LLC 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: | $1.2 million
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Maturity: | May 7, 2029
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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 8.7% if the index closes at or above its call level on any annual review date
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Initial index level: | 102.03
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Call level: | 102% of the initial level for the April 22, 2020 review date, stepping up by 200 bps on each subsequent call review date up to 118% of the initial level on the April 24, 2028 final review date
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Pricing date: | April 23
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Settlement date: | April 25
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.95%
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Cusip: | 40056FC45
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