Goldman Sachs plans autocallables linked to S&P 500, iShares MSCI EM

By Toni Weeks

San Luis Obispo, Calif., July 17 – Goldman Sachs Group, Inc. plans to price autocallable underlier-linked notes due July 30, 2018 linked to the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called automatically at par plus a call premium of 11.6% per year if the closing level of each component is greater than or equal to its initial level on either of two annual call observation dates.

If the notes are not called and each underlying component finishes at or above its initial level, the payout at maturity will be a fixed payment of $1,348 per $1,000 principal amount.

If the return of each component is negative but greater than or equal to negative 30%, the payout will be $1,100 per $1,000 of notes.

If the return of either underlying component is less than negative 30%, investors will receive par plus the return of the least-performing component, with full exposure to losses.

The notes (Cusip: 38148TAF6) are expected to price July 21 and settle July 28.

Goldman Sachs & Co. is the agent.

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