GS Finance to price autocallable notes linked to GS Momentum Builder

By Wendy Van Sickle

Columbus, Ohio, Sept. 1 – GS Finance Corp. plans to price 0% autocallable notes due Oct. 12, 2023 linked to the GS Momentum Builder Multi-Asset 5S ER 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 plus a call premium of 10% per year if the index’s closing level on any annual call observation date is greater than or equal to the applicable call level, which is 105% of the initial index level on the first call observation date, 110% on the second call observation date, 115% on the third call observation date, 120% on the fourth call observation date, 125% on the fifth call observation date and 130% on the last call observation date.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.5 times the index return. Otherwise, the payout will be par.

The index measures the extent to which the performance of the selected underlying assets (up to 14 exchange-traded funds and a money market position in Libor, which provide exposure to broad-based equities, fixed income, emerging markets, alternatives, commodities, inflation and cash equivalent asset classes) outperform the sum of Libor plus 65 basis points (accruing daily).

Goldman Sachs & Co. is the agent.

The notes will price Sept. 27.

The Cusip number is 40054KJG2.

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