Goldman plans five-year autocallables with no cap on Momentum Builder

By Susanna Moon

Chicago, Sept. 13 – GS Finance Corp. plans to price 0% autocallable notes due Oct. 17, 2023 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 8% if index closes at or above the call level on any annual call date.

The call level will be 101.75% of the initial level on the first call review date, stepping up by 175 basis points on each subsequent call review date to a final level of 107% on Sept. 30, 2022.

The payout at maturity will be par plus any index gain.

If the index falls, the payout will be par.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

The notes will price on Sept. 28.

The Cusip number is 40055QY30.

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