GS Finance eyes autocallable buffered notes linked to Stoxx

By Sarah Lizee

Olympia, Wash., May 26 – GS Finance Corp. plans to price 0% autocallable buffered index-linked notes due June 3, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

The notes will be automatically called at par plus an annualized call premium of 8.4% if the index closes at or above call index level on any annual observation date after one year.

If the final level of the index is positive or zero, the payout will be par plus the greater of 30% and the return of the index.

If the index declines by up to 15%, the payout will be par.

If the index declines by more than 15%, investors will lose 1% for every 1% decline of the index beyond 15%.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on May 27.

The Cusip number is 40057C3W9.

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