GS Finance eyes autocallables tied to GS Momentum Builder

Chicago, Jan. 4 – GS Finance Corp. intends to offer 0% autocallable notes due Feb. 14, 2024 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.

Beginning Jan. 31, 2020, the notes will be automatically called at par plus an annual call return of 9% if the index closes at or above its call level on any annual call observation date. The call level will be 101.75% of the initial level for the first call observation date, stepping up by 2.25% each subsequent year except the final year where it steps up 1.75% to a final call level of 107% of the initial index level for the fourth observation date on Jan. 31, 2023.

If the notes are not called and the final index return is positive, the payout at maturity will be par plus two times the index return. If the index return is zero or negative, the payout will be par.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056ESP4) will price Jan 31 and settle Feb. 5.

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