By Marisa Wong
Morgantown, W.Va., May 2 – GS Finance Corp. priced $1.45 million of 0% autocallable notes due May 9, 2025 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 15% if the index closes at or above its call level on any annual review date. The call level will be 104% of the initial level for the April 25, 2019 review date, stepping up by 400 basis points on each subsequent call review date up to 124% of the initial level on the April 25, 2024 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.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
|
| Amount: | $1,454,000
|
| Maturity: | May 9, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; otherwise, par
|
| Call: | At par plus an annual call premium of 15% if the index closes at or above its call level on any annual review date
|
| Initial index level: | 105.23
|
| Call level: | 104% of the initial level for the April 25, 2019 review date, stepping up by 400 bps on each subsequent call review date up to 124% of the initial level on the April 25, 2024 final review date
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.75%
|
| Cusip: | 40055AU88
|
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