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Goldman plans leveraged autocallables due 2027 on Momentum Builder
By Susanna Moon
Chicago, Aug. 7 – GS Finance Corp. plans to price 0% autocallable notes due Sept. 14, 2027 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 return of 12% if the index closes at or above its call level on any annual review date. The call level will be 103% of the initial level for the Aug. 28, 2018 review date, stepping up by 300 basis points on each subsequent call review date to a final level of 127% on Aug. 28, 2026.
The payout at maturity will be par plus triple any index gain.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
The notes will price on Aug. 28 and settle on Aug. 31.
The Cusip number is 40054LN67.
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