Goldman to price autocallable underlier notes on iShares EM, Stoxx

By Sarah Lizee

Olympia, Wash., April 24 – GS Finance Corp. plans to price 0% autocallable underlier-linked notes due June 1, 2023 based on the performance of the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

After the first year, the notes will be automatically called at par plus a 9% annualized call premium if both components close at or above their call levels on any annual call observation date.

The call levels will be equal to 90% of the initial levels.

If the notes are not called and both components finish at or above 90% of their initial levels, the payout at maturity will be par plus 36%.

If either or both components finish below 90% of their initial levels but the return of each component is at least negative 30%, the payout will be par.

If the return of either component is less than negative 30%, the payout will be par plus the return of the lesser performing component, with full exposure to losses.

Goldman Sachs & Co. LLC is the agent.

The notes will price May 24.

The Cusip number 40056FCG8.

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