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GS Finance changes pricing date for bearish autocallable absolute return notes on S&P
By Sarah Lizee
Olympia, Wash., Feb. 18 – GS Finance Corp. changed the pricing date for its 0% bearish autocallable absolute return notes due Feb. 24, 2022 linked to the S&P 500 index, according to an amended 424B2 filing with the Securities and Exchange Commission.
The notes will now price on Feb. 19. They were previously set to price on Feb. 13.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If on any day during the life of the notes the index closes at less than 79% to 80% of the initial level, the notes will be automatically called at par.
If the notes are not called and the index closes at or above its initial level, the payout will be par.
If the notes are not called and the index falls by no more than 20% to 21%, the payout will be par plus the absolute value of the index return. If the index declines by more than 20% to 21%, investors will receive par.
The underwriter is Goldman Sachs & Co. LLC.
The Cusip number is 40056YHJ6.
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