GS Finance plans five-year trigger autocallables tied to Russell 2000

By Marisa Wong

Morgantown, W.Va., Oct. 26 – GS Finance Corp. plans to price 0% trigger autocallable notes due Oct. 29, 2021 linked to 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 premium of 8% per year if the index closes at or above its initial level on any quarterly observation date after one year.

If the index finishes at or above its initial level, the payout at maturity will be par plus 40%, which is the maximum call return.

If the index falls but finishes at or above the downside threshold level, 60% to 65% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Goldman, Sachs & Co. is the agent.

The notes will price on Oct. 27.

The Cusip number is 36251U152.

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