Goldman Sachs plans autocallables due 2023 on GS Momentum Builder

By Wendy Van Sickle

Columbus, Ohio, Nov. 25 – The Goldman Sachs Group, Inc. plans to price autocallable index-linked notes due Jan. 12, 2023 tied to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be automatically called at par plus a return of 10% per year if, on any annual observation date, the index is at or above its call level, 105% of its initial level on the first observation date, then stepping up 5% each year to 130% on the sixth and final observation date.

If the notes are not called and index return is positive, the payout at maturity will be par plus 150% of the index return. If the index return is zero or negative, the payout at maturity will be par.

Goldman Sachs & Co. is the agent.

The notes will price on Dec. 28 and settle on Dec. 31.

The Cusip number is 38148TJT7.

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