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GS Finance to price autocallable notes on FTSE 100, Russell 2000
By Marisa Wong
Morgantown, W.Va., March 16 – GS Finance Corp. plans to price 0% autocallable notes due March 27, 2023 linked to the FTSE 100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a call return of 10% per year if both indexes close at or above their initial levels on any quarterly call observation date.
If each index finishes at or above its initial level, the payout will be par plus 50%.
If either index falls but each index finishes at or above 60% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price on March 19.
The Cusip number is 40055ASX6.
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