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GS Finance plans to price autocallable notes linked to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., July 26 – GS Finance Corp. plans to price 0% autocallable notes due July 31, 2020 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.
The notes will be called at par plus an annualized call return of 12.55% if the index closes at or above the initial level on Aug. 10, 2018 or July 29, 2019.
The payout at maturity will be $1,3765 per $1,000 of notes if the index gains or finishes flat. If the index return is negative, investors will receive par, unless the index finishes below the trigger buffer level, 80% of the initial price, in which case investors will lose 1% for each 1% decline of the index from its initial level.
Goldman Sachs & Co. and J.P. Morgan Securities LLC are the agents.
The notes (Cusip: 40054LL36) are expected to price July 28 and settle Aug. 2.
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