Goldman plans 0% five-year autocallables tied to GS Momentum Builder

By Susanna Moon

Chicago, Aug. 11 – GS Finance Corp. plans to price 0% autocallable notes due Sept. 13, 2022 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 9% if the index closes at or above its call level on any annual review date. The call level will be 103.25% of the initial level on the first review date of Aug. 27, 2018, stepping up by 325 basis points on each subsequent review date to a final level of 113% on Aug. 27, 2021.

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. 25 and settle on Aug. 30.

The Cusip number is 40054LMA9.

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