By Wendy Van Sickle
Columbus, Ohio, June 1 – GS Finance Corp. priced $796,000 of 0% autocallable notes due June 13, 2025 linked to the Motif Capital National Defense 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the applicable call level on any annual call observation date, the notes will be automatically called at par plus a call return of 7% per year. The call level will be 102.5% of the initial level for the first call observation date on May 30, 2019 and steps up by 250 basis points each year to a call level of 115% of the initial level for the final call observation date on May 30, 2024.
The notes are guaranteed by Goldman Sachs Group, Inc.
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.
|
| Guarantor: | Goldman Sachs Group, Inc.
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| Issue: | Autocallable notes
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| Underlying index: | Motif Capital National Defense 7 ER index
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| Amount: | $796,000
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| Maturity: | June 13, 2025
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| Coupon: | 0%
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| Price: | Par
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| Call: | Par plus 7% per year if index closes above call level on an annual call review date
|
| Call level: | 102.5% of initial level for the first call observation date on May 30, 2019; steps up by 250 basis points each year to 115% of the initial level on May 30, 2024
|
| Payout at maturity: | Par plus any index gain; if the index falls, par
|
| Initial level: | 135.72
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| Pricing date: | May 30
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| Settlement date: | June 4
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| Agent: | Goldman Sachs & Co.
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| Fees: | 5.025%
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| Cusip: | 40055QAB8
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