Goldman plans trigger autocallables tied to Stoxx 50, SPDR S&P Oil

By Susanna Moon

Chicago, Jan. 23 – GS Finance Corp. plans to price 0% autocallable notes due Feb. 4, 2021 linked to the Euro Stoxx 50 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 12.5% if each underlying component closes at or above its initial level on any call observation date.

If each underlying component finishes at or above its initial level, the payout at maturity will be par plus the 37.5%.

If either component falls by up to its 70% threshold level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing component.

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

Goldman Sachs & Co. is the agent.

The notes will price on Jan. 26 and settle on Feb. 1.

The Cusip number is 40055AG35.

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