GS Finance to price autocallable absolute return notes linked to S&P

By Angela McDaniels

Tacoma, Wash., July 25 – GS Finance Corp. plans to price 0% autocallable absolute return notes due Sept. 2, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par if the index’s closing level is less than 80% of the initial index level on any day during the life of the notes.

If the notes are not automatically called and the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, subject to a maximum upside settlement amount of $1,060 per $1,000 principal amount of notes.

If the final index level is less than the initial index level but not by more than 20%, the payout will be par plus the absolute value of the index return.

If the final index level is less than the initial index level by more than 20%, the payout will be par.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price Aug. 30.

The Cusip number is 40056FW43.

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