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GS Finance plans autocallable notes on FTSE 100, S&P 500
By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – GS Finance Corp. plans to price 0% autocallable index-linked notes due Aug. 15, 2019 linked to the FTSE 100 index and the S&P 500 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 a premium of 10.25% a year if both indexes close at or above their initial levels on the first annual review date and at or above 95% of their initial levels on the second annual review date.
The payout at maturity will be par plus 30.75% if both indexes finish at or above 90% of their initial levels.
If either index falls by more than 10%, but not by more than 25%, the payout will be par. Otherwise, investors will be fully exposed to the loss of the lesser performing index.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40054KHH2) will price on Aug. 30.
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