GS Finance to price autocallable notes due 2025 on GS Momentum Builder

By Sarah Lizee

Olympia, Wash., Oct. 9 – GS Finance Corp. plans to price 0% autocallable notes due Nov. 12, 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.

Beginning on Oct. 28, 2019, if the index closes at or above the applicable call level on any annual call observation date, the notes will be automatically called at par plus the call return of 8% per year. The call level is initially 102%, stepping up by 400 basis points each year to a call level of 112% for the final observation date on Oct. 28, 2024.

If the index return is positive, the payout at maturity will be par plus double 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: 40056E5B0) will price on Oct. 26.

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