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Goldman plans autocallables due 2024 linked to GS Momentum Builder
By Susanna Moon
Chicago, Aug. 7 – GS Finance Corp. plans to price 0% autocallable notes due Sept. 12, 2024 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call return of 12% if the index closes at or above its call level on any annual review date. The call level will be 104% of the initial level for the Aug. 28, 2018 review date, stepping up by 400 basis points on each subsequent call review date to 124% of the initial level on Aug. 28, 2023.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
The notes will price on Aug. 28 and settle on Aug. 31.
The Cusip number is 40054LN59.
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