GS Finance to price autocallable buffered notes 2028 on Euro Stoxx 50

By Sarah Lizee

Olympia, Wash., June 1 – GS Finance Corp. plans to price 0% autocallable buffered notes due June 6, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the index closes at or above the initial index level on a call observation date, the notes will be automatically called at par plus a call premium.

The call premium is 14.75% on June 3, 2019, 29.5% on June 1, 2020, 44.25% on June 1, 2021, 59% on June 1, 2022, 73.75% on June 1, 2023, 88.5% on June 3, 2024, 103.25% on June 2, 2025, 118% on June 1, 2026 and 132.75% on June 1, 2027.

If the notes are not called and the index return is zero or positive, the payout at maturity will be the maximum settlement amount of $2,475. Investors will receive par if the index declines by 15% or less and will be exposed to any decline beyond 15%.

Goldman Sachs & Co. is the underwriter.

The notes (Cusip: 40055QD33) will price on June 1 and settle on June 8.

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