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GS Finance plans bearish absolute return autocallables linked to S&P
By Angela McDaniels
Tacoma, Wash., July 25 – GS Finance Corp. plans to price 15- to 17-month 0% bearish autocallable absolute return notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par if the index’s closing level has declined from the initial level by more than between 17.85% and 21% (to be set at pricing) on any day during the life of the notes.
If the notes are not automatically called and the index return is less than zero but greater than or equal to between negative 17.85% and negative 21%, the payout will be par plus the absolute value of the index return.
If the index return is greater than or equal to zero or less than between negative 17.85% and negative 21%, the payout will be par.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The Cusip number is 40056FVZ5.
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