GS Finance to price autocallable notes linked to Euro Stoxx, EAFE ETF

By Devika Patel

Knoxville, Tenn., Oct. 18 – GS Finance Corp. plans to sell 0% autocallable notes due Oct. 29, 2021 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE 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 notes will be called at par of $1,000 plus a 10.9% call premium for the first call date, a 21.8% call premium for the second call date and a 32.7% call premium for the third call date if each underlying closes at or above its initial level on Oct. 22, 2018, Oct. 22, 2019 or Oct. 22, 2020.

If the notes are not called and the return of each underlying is equal to or greater than its initial level, the payout at maturity will be par plus the 43.6% maturity premium.

If the return of each underlying is less than their respective initial levels but greater than or equal to 70% of their respective initial levels, the payout will be par plus 10%.

If the return of either underlying is less than negative 30%, investors will lose 1% for each 1% decline of the lesser-performing underlying from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054LXH2) will price on Oct. 20 and settle Oct. 27.

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