GS Finance to issue autocallables linked to GS Momentum Builder

By Wendy Van Sickle

Columbus, Ohio, Aug. 28 – GS Finance Corp. plans to price 0% autocallable notes due Oct. 9, 2025 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.

If the index closes at or above the applicable call level on any annual call observation date, beginning on Sept. 25, 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 290 basis points 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: 40055QUU4) will price Sept. 25 and settle Sept. 28.

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