||US$200,000 and integral multiples of US$1,000 in
|Yield to Maturity:
|Spread to Benchmark Treasury:
|Benchmark Treasury Price and Yield:
||108—10 and 0.630%
|Interest Payment Dates:
||April 7 and October 7, commencing October 7,
|Interest Payment Record Dates:
||March 22 and September 22
Make Whole Call at any time prior to January 7, 2030 at a
redemption price equal to the greater of 100% and a discount rate
of the Treasury Yield plus 45 basis points.
Par Call at any time from or after January 7, 2030 at a redemption
price equal to 100%.
||April 1, 2020
||April 7, 2020
|CUSIP / ISIN:
||056752 AR9 / US056752AR92
||Moody’s: A3; Fitch: A
||Moody’s: A3; Fitch: A
Goldman Sachs (Asia) L.L.C.
BofA Securities, Inc.
||Bank of Communications Co., Ltd. Hong Kong
A securities rating is not a recommendation to buy,
sell or hold securities and may be revised or withdrawn at any
time. Each rating should be evaluated independently of any other
See “Risk Factors — Risks Related to the Notes —
Our credit ratings may not reflect all risks of your investments in
the Notes.” in the preliminary prospectus supplement.
We expect that delivery of the notes will be made against
payment thereof on or about the settlement date specified in this
communication, which will be the fourth business day following the
date of pricing of the notes (this settlement cycle being referred
to as “T+4”). Under Rule 15c6-1 of the U.S. Securities and Exchange
Commission (the “SEC”) under the Securities Exchange Act of 1934,
trades in the secondary market generally are required to settle in
two business days, unless the parties to any such trade expressly
agree otherwise. Accordingly, purchasers who wish to trade notes on
the date of pricing or the next succeeding business day will be
required, by virtue of the fact that the notes initially will
settle in T+4, to specify an alternate settlement cycle at the time
of any such trade to prevent a failed settlement. Purchasers of
notes who wish to trade notes on the date of pricing should consult
their own advisor.
The issuer has filed a registration statement (including a
prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the
issuer has filed with the SEC for more complete information about
the issuer and this offering. You may get these documents for free
by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the issuer, any underwriter or any dealer
participating in the offering will arrange to send you the
prospectus and prospectus supplement if you request it by calling
Goldman Sachs & Co., an affiliate of Goldman Sachs (Asia)
L.L.C., toll-free at 1-866-471-2526 or BofA
Securities, Inc., toll-free at 1-800-294-1322.
No PRIIPs Key Information Document (KID) has been prepared as
not available to retail in EEA.
Notice to Prospective Investors in Canada
The notes may be sold in Canada only to purchasers purchasing, or
deemed to be purchasing, as principal that are accredited
investors, as defined in National Instrument 45-106 Prospectus Exemptions or
subsection 73.3(1) of the Securities Act (Ontario), and are
permitted clients, as defined in National Instrument 31-103 Registration Requirements,
Exemptions and Ongoing Registrant Obligations. Any resale of the
notes must be made in accordance with an exemption from, or in a
transaction not subject to, the prospectus requirements of
applicable securities laws.
Securities legislation in certain provinces or territories of
Canada may provide a purchaser with remedies for rescission or
damages if this prospectus supplement and the accompanying
prospectus contain a misrepresentation, provided that the remedies
for rescission or damages are exercised by the purchaser within the
time limit prescribed by the securities legislation of the
purchaser’s province or territory. The purchaser should refer to
any applicable provisions of the securities legislation of the
purchaser’s province or territory for particulars of these rights
or consult with a legal advisor.
Pursuant to section 3A.3 (or, in the case of securities issued or
guaranteed by the government of a non-Canadian jurisdiction, section
3A.4) of National Instrument 33-105 Underwriting Conflicts (NI
33-105), the underwriters
are not required to comply with the disclosure requirements of NI
underwriter conflicts of interest in connection with this
Any disclaimer or other notice that may appear below is not
applicable to this communication and should be disregarded. Such
disclaimer or notice was automatically generated as a result of
this communication being sent by Bloomberg or another email