By Sarah Lizee
Olympia, Wash., Aug. 13 – GS Finance Corp. priced $1.7 million of 0% autocallable index-linked notes due Aug. 14, 2023 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a monthly contingent coupon at a rate of 4.6% per year if the closing level of the index is greater than or equal to 80% of the initial level on every trading day during the relevant observation period. After the August 2020 coupon payment date, the notes will not pay any coupon.
The notes will be automatically called on the final coupon determination date in August 2020 if the closing level of the index is greater than or equal to 80% of the initial level on every trading day during the life of the notes.
If the notes are not called, the payout at maturity will be par plus the index return plus 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.7 million
|
| Maturity: | Aug. 14, 2023
|
| Coupon: | Notes will pay a monthly contingent coupon at a rate of 4.6% per year if the closing level of the index is greater than or equal to 80% of the initial level on every trading day during the relevant observation period; after the August 2020 coupon payment date, the notes will not pay any coupon
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called, the payout at maturity will be par plus the index return plus 20%
|
| Call: | Notes will be automatically called on the final coupon determination date in August 2020 if the closing level of the index is greater than or equal to 80% of the initial level on every trading day during the life of the notes
|
| Initial level: | 2,918.65
|
| Pricing date: | Aug. 9
|
| Settlement date: | Aug. 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.3%
|
| Cusip: | 40056X3C8
|
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