GS Finance to sell trigger autocallable notes linked to Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., April 21 – GS Finance Corp. plans to price 0% trigger autocallable notes due April 30, 2021 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 called at par of $10 plus an annualized call return of 9% if the index closes at or above the initial level on any quarterly observation date after May 2, 2017.

The payout at maturity will be par plus the index gain, subject to a maximum return of 45%. If the index return is negative, investors will receive par, unless the index finishes below the trigger level, which is expected to be between 67% and 73% of the initial share price and will be set at pricing, in which case investors will be fully exposed to any losses.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 36250E829) are expected to price April 27 and settle April 29.

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