Goldman plans trigger phoenix autocallables on Russell 2000, S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 3 – Goldman Sachs Group, Inc. plans to price trigger phoenix autocallable optimization securities due Sept. 17, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at a rate of 8.25% to 8.85% per year if both indexes close at or above 70% of their initial levels on the determination date for that quarter.

The notes will be called at par plus the coupon if both indexes close at or above their initial levels on any determination date after one year.

If the notes are not called and each index finishes at or above 50% of its initial level, the payout at maturity will be par plus the final coupon, if any. Otherwise, investors will be fully exposed to the decline of the lesser performing index.

Goldman, Sachs & Co. is the agent.

The notes will price on Sept. 11 and settle on Sept. 16.

The Cusip number is 38148X274.

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