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Goldman plans 0% four-year autocalls tied to Euro Stoxx 50, EM fund
By Susanna Moon
Chicago, Aug. 15 – GS Finance Corp. plans to price 0% autocallable notes due Aug. 29, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 14% to 16% if each underlying asset closes at or above its call level on any call observation date after one year. The call level will be 100% of the initial level on the first observation date, stepping down to 97.5% on the second call observation date and to 95% on the third call observation date.
If each asset finishes at or above its 92.5% threshold, the payout at maturity will be $1,560 to $1,640 for each $1,000 principal amount.
If either asset finishes at or above its 70% downside threshold but below its 92.5% threshold, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index or fund.
Goldman Sachs & Co. LLC is the agent.
The notes will price on Aug. 22.
The Cusip number is 40055QT85.
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