GS Finance plans autocallable notes on Russell, SPDR MidCap, QQQ

New York, June 27 – GS Finance Corp. plans to price 0% autocallable notes due April 4, 2022 linked to the Russell 2000 index, the SPDR S&P MidCap 400 ETF trust and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If all the underliers closes at or above their initial levels on a monthly call observation date, the notes will be automatically called at par plus a call premium.

The call observation dates begin on Dec. 28, 2018 and the call premium is 17.5% per year.

If the notes are not called and the return of each underlier is zero or positive, the payout at maturity will be $1,328.14 per $1,000 principal amount.

If any underlier declines but all end at or above 70% of their initial levels then the payout will be par.

Otherwise investors will be fully exposed to the decline of the worst performing underlier.

Goldman Sachs & Co. is the underwriter.

The notes will price on June 28 and settle on July 3.

The Cusip number is 40055QHX3.

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