Goldman plans contingent 9%-10% four-year autocallables tied to stocks

By Susanna Moon

Chicago, Oct. 26 – GS Finance Corp. plans to price autocallable contingent coupon notes due Nov. 10, 2021 linked to least performing of the common stocks of Apple Inc., Merck & Co., Inc. and Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9% to 10% if each underlying stock closes at or above its 60% coupon barrier on the observation for that month.

The notes will be called at par if each stock closes at or above its initial level on any interest payment date after one year.

The payout at maturity will be par the contingent coupon unless any underlying component finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

Goldman Sachs Group, Inc. is the guarantor.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Nov. 3.

The Cusip number is 40054LYJ7.

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