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Goldman to sell seven-year autocallables on Motif National Defense
By Devika Patel
Knoxville, Tenn., Jan. 2 – GS Finance Corp. plans to price 0% autocallable notes due Jan. 29, 2025 linked to the Motif Capital National Defense 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call return of 10% if the index closes at or above its call level on any annual call observation date. The call level will be 105% of the initial level for the first call observation date, stepping up by 500 basis points on each subsequent year to a final call level of 130% of the initial level for the sixth observation date on Jan. 16, 2024.
The payout at maturity will be par plus any index gain.
If the index falls or remains flat, the payout will be par.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055ACF2) will price on Jan. 12 and settle on Jan. 18.
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