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GS Finance plans three-year autocallables notes linked to Russell 2000
By Marisa Wong
Morgantown, W.Va., Feb. 22 – GS Finance Corp. plans to price 0% autocallable notes due Feb. 27, 2020 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 10% if the index closes at or above the initial index level on March 2, 2018 or at par plus 20% if the index closes at or above the initial index level on Feb. 25, 2019.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 30%.
If the index return is negative but not below negative 25%, the payout will be par. If the index return is less than negative 25%, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price on Feb. 23.
The Cusip number is 40054KVY9.
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