GS Finance plans to price autocallables on Artificial Intelligence 8

By Sarah Lizee

Olympia, Wash., July 10 – GS Finance Corp. plans to price 0% autocallable notes due Aug. 10, 2026 linked to the Motif Capital Artificial Intelligence 8 ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index closes at or above the applicable call level on any annual call observation date, the notes will be automatically called at par plus a call return of 5.25% per year. The call level will be 102.5% of the initial level for the first call observation date on July 27, 2020 and steps up by 250 basis points each year to a call level of 115% of the initial level for the final call observation date on July 28, 2025.

The payout at maturity will be par plus 2 times any index gain. If the index falls, the payout will be par.

The index attempts to track the common equity of U.S. and non-U.S. companies listed on U.S. exchanges that either develop or use artificial intelligence technology, subject to a volatility cap of 8%.

Goldman Sachs & Co. is the agent.

The notes will price on July 26.

The Cusip number is 40056FSB2.

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