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Published on 2/6/2019 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $30,000 autocallables on Motif National Defense

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – GS Finance Corp. priced $30,000 of 0% autocallable notes due Feb. 14, 2024 linked to the Motif Capital National Defense 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

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 8% per year. The call level will be 102% of the initial level for the first call observation date on Jan. 31, 2020 and steps up by 200 basis points each year to a call level of 108% of the initial level for the final call observation date on Jan. 31, 2023.

The payout at maturity will be par plus three times 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:Motif Capital National Defense 7 ER index
Amount:$30,000
Maturity:Feb. 14, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 3 times any index gain; if the index falls, par
Call:Automatically at par plus a call return of 8% per year if the index closes at or above the applicable call level on any annual call observation date; call level will be 102% of the initial level for the first call observation date on Jan. 31, 2020 and steps up by 200 bps each year to a call level of 108% of the initial level for the final call observation date on Jan. 31, 2023
Initial level:130.76
Pricing date:Jan. 31
Settlement date:Feb. 5
Agent:Goldman Sachs & Co. LLC
Fees:1.1%
Cusip:40056EQS2

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