GS Finance to price bearish autocallable absolute return notes on S&P

By Marisa Wong

Los Angeles, July 11 – GS Finance Corp. plans to price 0% bearish autocallable absolute return notes due July 15, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If on any day during the life of the notes the closing level of the index is less than 81% of the initial level, the notes will be automatically called at par.

If the notes are not called and the index return is greater than or equal to zero, the payout will be par.

If the index return is less than zero but greater than or equal to negative 19%, the payout will be par plus the absolute value of the index return.

If the index return is less than negative 19%, the payout will be par plus 2%.

The underwriter is Goldman Sachs & Co. LLC.

The notes will price on July 12.

The Cusip number is 40056FUF0.

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