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Goldman plans autocallables due 2025 linked to GS Momentum Builder
By Susanna Moon
Chicago, Feb. 8 – GS Finance Corp. plans to price 0% autocallable notes due March 11, 2025 linked to the GS Momentum Builder Multi-Asset 5S 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 premium of 9% if index closes at or above the call level on any annual call date.
The call level will be 103.25% of the initial level on the first call review date of Feb. 25, 2019, stepping up by 325 basis points on each subsequent call review date to a final level of 119.5% of the initial level on Feb. 26, 2024.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
The notes will price on Feb. 23 and settle on Feb. 28.
The Cusip number is 40055AHH3.
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