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GS Finance to price autocallables linked to GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., Jan. 13 – GS Finance Corp. plans to price 0% autocallable notes due Feb. 9, 2023 linked to the GS Momentum Builder Multi-Asset 5 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 the call return of 10% per year. The call level is initially 105%, stepping up by 5% each year to a call level of 130% for the observation date in 2022.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the agent.
The notes will price on Jan. 26 and settle on Jan. 29.
The Cusip number is 40054CAH7.
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