GS Finance plans autocallables due 2023 linked to GS Momentum Builder

By Sarah Lizee

Olympia, Wash., June 6 – GS Finance Corp. plans to price 0% autocallable notes due July 18, 2023 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.

If the index gains, the payout at maturity will be par plus the index return. If the index falls flat or declines, the payout will be par.

If the closing level of the index is greater than the call level on any annual call observation date, the notes will be automatically called at par plus the applicable call return.

The call level will be 102.5% of the initial level for the July 2, 2019 review date, stepping up by 250 basis points on each subsequent call review date up to 110% of the initial level on the July 5, 2022 final review date.

The call return is 9% for July 2, 2019, 18% for July 2, 2020, 27% for July 2, 2021 and 36% for July 5, 2022.

Goldman Sachs & Co. is the agent.

The notes will price on July 2 and settle on July 6.

The Cusip number is 40055QEU2.

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