GS Finance plans autocallable index-linked notes on Stoxx, Russell

By Devika Patel

Knoxville, Tenn., Sept. 19 – GS Finance Corp. plans to price 0% autocallable index-linked notes due Oct. 3, 2022 tied to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Beginning March 26, 2018, the notes will be called at par plus a call premium of 10. 25% to 11.25% per year if the indexes close at or above their initial index levels on any of the quarterly call observation dates. The exact call premium will be set at pricing.

If the notes are not called, the payout at maturity will be par plus between 51.25% and 56.25% if each index closes at or above its initial level, with the exact maturity date premium amount to be set at pricing.

If each index finishes at or above 70% of its initial level, the payout at maturity will be par.

If either index falls by more than 30%, investors will lose 1% for each 1% decline of the worst-performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054LRQ9) will price Sept. 26 and settle Sept. 29.

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