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GS Finance plans five-year autocallables on GS Momentum Builder
By Marisa Wong
Morgantown, W.Va., June 23 – GS Finance Corp. plans to price 0% autocallable notes due July 12, 2022 linked to the GS Momentum Builder Multi-Asset 5S ER index, 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 par plus an annual call premium of 9% if the index closes at or above its call level on any annual observation date. The call level will be 103.25% for the first call date, stepping up by 325 basis points on each subsequent call date to a final level of 113% on June 28, 2021.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
The notes are expected to price on June 26.
The Cusip number is 40054LE34.
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