GS Finance plans to price contingent income autocalls tied to Boeing

By Sarah Lizee

Olympia, Wash., March 5 – GS Finance Corp. plans to price contingent income autocallable securities due March 11, 2022 linked to the common stock of Boeing Co., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.85% if the stock closes at or above the 75% downside threshold on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any of the first 11 determination dates.

The payout at maturity will be par unless the stock finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent. Morgan Stanley Wealth Management is the dealer.

The notes will price on March 8.

The Cusip number is 36257D261.

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