GS Finance aims to sell autocallable notes tied to S&P, Dow, Russell

By Devika Patel

Knoxville, Tenn., Jan. 11 – GS Finance Corp. plans to price 0% autocallable notes due Feb. 6, 2025 linked to the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Beginning Jan. 30, 2020, the notes will be called at par of $1,000 plus a 13.85% annual call premium if each index closes at or above its initial level on an annual call observation date.

If the notes are not called and the return of the worst performing index is greater than its initial level, the payout at maturity will be par plus the 83.1% maturity premium.

If the return of the worst performing index is less than its initial level but greater than or equal to 70% of its initial level, the payout will be par.

If the return of the worst performing index is less than negative 30%, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056ETB4) will price on Jan. 30 and settle Feb. 6.

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