By Wendy Van Sickle
Columbus, Ohio, Aug. 5 – GS Finance Corp. priced $73,000 of 0% autocallable notes due Aug. 14, 2024 linked to the Motif Capital Aging of America 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 5.65% if the index closes at or above the call level on any annual call date.
The call level will be 102.5% of the initial level on the first call review date, stepping up by 250 basis points on each subsequent annual call review date to a final call level of 110% of the initial level on July 31, 2023.
The payout at maturity will be par plus double any index gain.
If the index falls or remains flat, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Motif Capital Aging of America 7 ER index
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| Amount: | $73,000
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| Maturity: | Aug. 14, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any index gain, par if index is flat or falls
|
| Call: | At par plus an annual call premium of 5.65% if index closes at or above its call level on any annual review date
|
| Initial level: | 116.94
|
| Call level: | 102.5% of the initial level on the first call review date, stepping up by 250 bps on each subsequent call review date to a final call level of 110% of the initial level on July 31, 2023
|
| Pricing date: | July 26
|
| Settlement date: | Aug. 5
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 1.52%
|
| Cusip: | 40056FSR7
|
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