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Goldman plans 10-year autocallables tied to GS Momentum Builder
By Susanna Moon
Chicago, Oct. 24 – GS Finance Corp. plans to price 0% autocallable notes due Nov. 9, 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 will be called at par plus an annual call premium of 10% 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 Oct. 26, 2018 review date, stepping up by 300 basis points on each subsequent call review date up to 127% of the initial level on Oct. 26, 2026.
The payout at maturity will be par plus triple any index gain.
If the index falls, the payout will be par.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the agent.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 40054LVA9.
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