GS Finance plans to price autocallables linked to GS Momentum Builder

By Devika Patel

Knoxville, Tenn., Aug. 31 – GS Finance Corp. plans to price 0% autocallable notes due Oct. 17, 2023 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index closes at or above the applicable call level on any annual call observation date beginning on Oct. 1, 2019, the notes will be automatically called at par plus the call return of 10% per year. The call level is initially 102.5%, stepping up by 2.5% each year to a call level of 110% for the observation date in 2022.

If the index return is positive, the payout at maturity will be par plus the index return. If the index return is zero or negative, the payout will be par.

Goldman, Sachs & Co. is the agent.

The notes (Cusip: 40055QVX7) will price on Oct. 1 and settle Oct. 4.

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