Goldman Sachs plans autocallable buffered notes on iShares MSCI EM ETF

By Devika Patel

Knoxville, Tenn., July 18 – GS Finance Corp. plans to price 30-month 0% autocallable buffered notes linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The exact maturity will be set at pricing.

The notes will be called at par plus a premium if the fund closes at or above 93% of its initial level on any of the three call observation dates, which are expected to be 12 months, 18 months and 24 months after pricing. The notes will be called at 107.7% on the first call observation date, at 111.55% on the second call observation date and at 115.4% on the third call observation date. The exact call premiums and call dates will be set at pricing.

If the fund finishes at or above 93% of the initial level, the payout at maturity will be the maximum settlement amount of $1,192.50 per $1,000 of notes.

Investors will receive par if the fund falls by over 7% but only up to 15% and investors will lose 1.1765% for every 1% decline below the 85% buffer level.

Goldman Sachs & Co. is the agent.

The Cusip is 40054LKZ6.

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