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GS Finance plans to price autocallable notes on Euro Stoxx, Russell
By Devika Patel
Knoxville, Tenn., May 26 – GS Finance Corp. plans to price 0% autocallable notes due June 7, 2022 linked to the Euro Stoxx 50 index and 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 plus an annualized call premium of 10% if each index closes at or above its initial level on any quarterly call observation date beginning Nov. 30, 2017.
If the notes are not called and the return of each index is positive, the payout at maturity will be par plus the 50% maturity premium.
If each index finishes at or below its initial level but at or above 75% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054LDH4) will price on May 31 and settle on June 7.
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