GS Finance plans autocallables tied to GS Momentum Builder

By Sarah Lizee

Olympia, Wash., July 26 –GS Finance Corp. intends to offer 0% autocallable notes due Sept. 11, 2026 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.

Beginning Aug. 27, 2020, the notes will be automatically called at par plus an annual call return of 6.5% if the index closes at or above its call level on any annual call observation date. The call level will be 102% of the initial level for the first call observation date, stepping up by 200 basis points each subsequent year.

If the notes are not called and the final 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: 40056FWD3) will price Aug. 27.

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