GS Finance plans five-year autocallables tied to GS Momentum Builder

By Tali Rackner

Minneapolis, Oct. 23 – GS Finance Corp. plans to price 0% autocallable notes due Nov. 8, 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 will be guaranteed by Goldman Sachs Group, Inc.

The notes will be called at par plus an annual call premium 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 for the Oct. 25, 2018 review date, stepping up by 325 basis points on each subsequent call review date up to 113% of the initial level on Oct. 25, 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 Oct. 25 and settle on Oct. 30.

The Cusip number is 40054LW67.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.