GS Finance to price jump autocallables linked to three indexes

By Angela McDaniels

Tacoma, Wash., Aug. 7 – GS Finance Corp. plans to price 0% jump securities with autocallable feature due Aug. 14, 2020 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Beginning Aug. 17, 2018, the notes will be automatically called at par of $10 plus a call premium of 12.1% per year if each index closes at or above its initial level on any quarterly call observation date.

If each index finishes at or above its initial level, the payout at maturity will be par plus 36.3%. If the final level of any index is less than its initial level but the final level of each index is greater than or equal to its downside threshold level, 70% of its initial level, the payout will be par. If the final level of any index is less than its downside threshold level, investors will lose 1% for every 1% that the worst-performing index declines from its initial level.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

The notes will price Aug. 11.

The Cusip number is 36253M521.

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