GS Finance plans to price autocallable notes on Euro Stoxx, Russell

By Devika Patel

Knoxville, Tenn., Dec. 22 – GS Finance Corp. plans to price 0% autocallable notes due Jan. 4, 2023 linked to the Euro Stoxx 50 index and the Russell 2000 index, 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 5% to 5.5% call premium for the first call date plus a 2.5% additional call premium added for each subsequent quarter if each index closes at or above its initial level on any quarterly call observation date beginning June 27, 2018. The exact call premium will be set at pricing.

If the notes are not called and the return of each index is greater than its initial level, the payout at maturity will be par plus the 50% to 55% maturity premium. The exact maturity premium will be set at pricing.

If the return of each index is less than their respective initial levels but greater than or equal to 65% of their respective initial levels, the payout will be par.

If the return of either index is less than 65%, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055AAV9) will price on Dec. 27 and settle on Dec. 29.

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