GS Momentum plans 7.5-year autocallables tied to GS Momentum Builder

By Marisa Wong

Morgantown, W.Va., May 23 – GS Finance Corp. plans to price 0% autocallable notes due Dec. 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 10% if the index closes at or above its call level on any semiannual review date after one year. The call level will be 103% of the initial level for the May 28, 2019 review date, stepping up by 150 basis points on each subsequent call review date up to 121% of the initial level on the May 27, 2025 final review date.

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 May 24.

The Cusip number is 40055Q3U4.

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