GS Finance plans autocallable index-linked notes on Nikkei, MSCI EM

By Sarah Lizee

Olympia, Wash., Nov. 18 – GS Finance Corp. plans to price 0% autocallable index-linked notes due Nov. 25, 2022 tied to the Nikkei 225 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will be called at par plus an 10.5% annualized premium if both indexes close at or above their call levels on any quarterly observation date. The call level for each index will be 100% of its initial level on the first observation date and 95% of its initial level on the second observation date.

If both indexes finish at or above 90% of their initial levels, the payout at maturity will be par plus 31.5%.

If either index falls by more than 10% but neither falls by more than 30%, the payout will be par.

Otherwise, investors will be exposed to the decline of the lesser performing index.

Goldman Sachs & Co. is the agent.

The notes will price on Nov. 20.

The Cusip number is 40056XQM1.

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