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Goldman Sachs plans autocallable index-linked notes tied to S&P 500
Chicago, Feb. 12 - Goldman Sachs Group, Inc. plans to price 0% autocallable index-linked notes due 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a premium if the index closes at or above the initial index level on any call dates that will begin in February 2020 and end in November 2023.
The call premium will increase, starting at 8% and increasing 200 basis points each quarter, increasing to a 38% call premium should the notes not be redeemed before November 2023.
The payout at maturity will be par unless the index falls by more than 20%, in which case investors will lose 1.25% for each 1% loss beyond 20%.
The Cusip number is 40056EXF0.
Goldman Sachs & Co. LLC is the agent.
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