Goldman plans seven-year autocalls on Motif Capital National Defense 7

Chicago, Nov. 27 – GS Finance Corp. plans to price 0% autocallable notes due Dec. 24, 2025 linked to the Motif Capital National Defense 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call return if the index closes at or above the call level on any annual call observation date. The call return is initially set for 10% in December 2019, increasing 10% annually. The call level continues to increase each year the notes are outstanding.

The call level will be 103% of the initial level on the first call review date, stepping up 300 basis points on each subsequent call review date to a final level of 118% on Dec. 10, 2024.

The payout at maturity will be par plus any index gain.

If the index falls, the payout will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

The notes will price on Dec. 10.

The Cusip number is 40056EHV3.

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