GS Finance plans to sell autocallables tied to Motif National Defense

By Devika Patel

Knoxville, Tenn., July 6– GS Finance Corp. intends to price 0% autocallable notes due July 28, 2025 linked to the Motif Capital National Defense 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Beginning July 12, 2019, 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 call observation date. The call level will be 103.9% of the initial level for the first call observation date, stepping up by 3.9% on each subsequent year to a final call level of 123.4% of the initial level for the sixth observation date on July 12, 2024.

If the index return is positive, the payout at maturity will be par plus any index gain.

If the index falls or remains flat, the payout will be par.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055QGX4) will price on July 12 and settle July 17.

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