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GS Finance plans to price autocallables linked to GS Momentum Builder
By Devika Patel
Knoxville, Tenn., July 3 – GS Finance Corp. plans to price 0% autocallable notes due July 28, 2025 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes at or above the applicable call level on any annual call observation date, beginning on July 12, 2019, the notes will be automatically called at par plus the call return of 11% per year. The call level is initially 102.9% of the initial index level, stepping up by 2.9% each year to a call level of 117.4% for the observation date in 2024.
If the 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: 40055QGV8) will price July 12 and settle July 17.
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