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GS Finance plans seven-year autocallable notes on GS Momentum Builder
New York, May 23 – GS Finance Corp. plans to price 0% autocallable index-linked notes due June 26, 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 will be guaranteed by Goldman Sachs Group, Inc.
If the closing level of the index is greater than the call level on any call observation date the notes will be automatically called at par plus the call return of 8.75% per year. The call level is 102.25% of its initial level on June 12, 2019, 104.5% of its initial level on June 12, 2020, 106.75% of its initial level on June 14, 2021, 109% of its initial level on June 13, 2022, 111.25% of its initial level on June 12, 2023 and 113.5% of its initial level on June 12, 2024.
At maturity, the payout will be par plus any index gain or par if the index declines or finishes flat.
Goldman, Sachs & Co. is the agent.
The notes will price on June 12 and settle on June 15.
The Cusip number is 40055QAS1.
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