GS Finance plans autocallables linked to Euro Stoxx 50, Russell 2000

By Angela McDaniels

Tacoma, Wash., Oct. 24 – GS Finance Corp. plans to price 0% autocallable notes due Oct. 24, 2019 linked to the Euro Stoxx 50 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 automatically called at 113.5% of par if each index closes at or above its initial level on Oct. 23, 2017 or at 127% of par if each index closes at or above 95% of its initial level on Oct. 22, 2018.

If the notes are not called and the return of each index is greater than or equal to negative 10%, the payout at maturity will be 140.5% of par.

If the return of each index is greater than or equal to negative 30% but the return of either index is less than negative 10%, the payout will be par.

If the return of either index is less than negative 30%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Goldman Sachs & Co. is the agent.

The notes will price Oct. 25.

The Cusip number is 40054KMU7.

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