Goldman plans autocallable monthly range accrual notes on Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., July 17 – Goldman Sachs Group, Inc. plans to price autocallable monthly range accrual notes due July 29, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 10.25% per year for each day that the index closes at or above the barrier level, 92.5% of the initial index level. Interest will be payable monthly.

The notes will automatically be called if the index closes at or above 115% of the initial index level on any monthly call observation date after one year.

If the notes are not called, the payout at maturity will be par if the index falls by up to 35%. Investors will be fully exposed to losses if the index finishes below the 65% trigger level.

The notes (Cusip: 38147QD52) are expected to price July 24 and settle July 29.

Goldman Sachs & Co. is the underwriter.

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