Goldman plans autocallable notes on Motif Capital National Defense

By Sarah Lizee

Olympia, Wash., May 31 – GS Finance Corp. plans to price 0% autocallable notes due June 26, 2026 linked to the Motif Capital National Defense 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 return if the index closes at or above the call level on any annual call observation date. The call return is initially set for 7% on June 12, 2020, increasing 7% annually.

The call level continues to increase each year the notes are outstanding. The call level will be 102.4% of the initial level on the first call review date, stepping up 240 basis points on each subsequent call review date to a final level of 114.4% on June 12, 2025.

The payout at maturity will be par plus 2 times any index gain.

If the index falls, the payout will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price June 12.

The Cusip number is 40056FK46.

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