Goldman plans five-year jump autocallables linked to Russell 2000

By Susanna Moon

Chicago, Aug. 10 – GS Finance Corp. plans to price 0% jump securities with autocallable feature due Aug. 23, 2022 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annual call premium of 7.4% if the index closes at or above the initial index level on any annual call observation date.

If the index finishes at or above its initial level, the payout at maturity will be par plus 37%.

If the index falls by up to the 85% downside threshold, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline.

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

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

The notes will price on Aug. 18.

The Cusip number is 36253M588.

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