GS Finance to price jump autocallables linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Aug. 7 – GS Finance Corp. plans to price 0% jump securities with autocallable feature due Aug. 23, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

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

The notes will be automatically called at par of $10 plus a call premium of 11.4% per year if the index closes at or above the initial index level on any annual call observation date.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 57%. If the final index level is less than the initial index level but greater than or equal to the downside threshold level, 85% of the initial index level, the payout will be par. If the final index level is less than the downside threshold level, investors will lose 1% for every 1% that the index declines from its initial level.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

The notes will price Aug. 18.

The Cusip number is 36253M596.

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