Goldman plans autocalls due 2026 on Motif Capital National Defense 7

By Sarah Lizee

Olympia, Wash., March 7 – GS Finance Corp. plans to price 0% autocallable notes due April 9, 2026 linked to the Motif Capital National Defense 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call return if the index closes at or above the call level on any annual call observation date. The call return is initially set for 5% on March 26, 2020, increasing 7% annually. The call level continues to increase each year the notes are outstanding.

The call level will be 101.5% of the initial level on the first call review date, stepping up 150 basis points on each subsequent call review date to a final level of 109% on March 26, 2025.

The payout at maturity will be par plus double any index gain.

If the index falls, the payout will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

The notes will price on March 26.

The Cusip number is 40056EZR2.

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