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Goldman Sachs plans autocallable buffered notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, March 16 – GS Finance Corp. plans to price 36-month 0% autocallable buffered S&P 500 index-linked notes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at 106.933% to 108.125% of par if the index closes at or above the initial index level on the first call date, expected to be about 13 months other issue, and at 112.8% to 115% on the second call date, expected to be about 24 months after issue.
If the index finishes at or above the initial level, the payout at maturity will be the maximum settlement amount of $1,192 to $1,225 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 30% and will lose 1.4286% for every 1% decline beyond 15%.
The exact terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 40054K6Q4.
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