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GS Finance plans to price autocallables linked to GS Momentum Builder
By Devika Patel
Knoxville, Tenn., Sept. 19 – GS Finance Corp. intends to price 0% autocallable notes due Sept. 29, 2025 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Beginning on Sept. 20, 2019, if the index closes at or above the applicable call level on any annual call observation date, the notes will be automatically called at par plus the call return of 9.1% per year. The call level is initially 102%, stepping up by 2% each year to a call level of 112% for the observation date in 2024.
If the index return is positive, the payout at maturity will be par plus the index return. If the index return is zero or negative, the payout will be par.
Goldman, Sachs & Co. is the agent.
The notes (Cusip: 40055QZ62) will price on Sept. 20 and settle Sept. 27.
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