GS Finance to sell trigger autocallable notes linked to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, June 22 – GS Finance Corp. plans to price 0% trigger autocallable notes due June 28, 2021 linked to the Russell 2000 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 8% if the index closes at or above the initial level on any quarterly observation date starting July 3, 2017.

If the notes are not called, the payout at maturity will be par if the index falls by up to 36% to 45%, with the exact downside threshold to be set at pricing. Investors will be fully exposed to any losses if the index falls beyond the downside threshold.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 36250Y320) are expected to price June 26 and settle June 30.

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