GS Finance plans autocalls tied to Motif Capital Aging of America 7

By Sarah Lizee

Olympia, Wash., Nov. 22 – GS Finance Corp. plans to price 0% autocallable notes due Dec. 10, 2026 linked to the Motif Capital Aging of America 7 ER 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 annually at par plus a 10% call return if the index finishes above the call level for the relevant call observation date. The call level starts at 105.8% on Nov. 26, 2021 and increases 290 basis points each year, ending at 117.4% on Nov. 25, 2025.

The payout at maturity will be par plus 125% of any index gain. If the index is flat or falls, the payout will be par.

Goldman Sachs & Co. LLC is the agent.

The notes (Cusip: 40056XNM4) will price on Nov. 25.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.