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Goldman plans contingent coupon autocallables tied to Euro Stoxx 50
By Susanna Moon
Chicago, May 1 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due May 6, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent semiannual coupon at an annualized rate of 13.3% to 14.3% if the index closes at or above its 85% coupon barrier on the valuation date for that period.
The notes are callable at par plus any contingent coupon due on any interest payment date from May 2018 through May 2026.
The payout at maturity will be par plus the contingent coupon unless the index finishes below its 85% trigger level, in which case investors will be fully exposed to any losses.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the agent.
The notes will price on May 2.
The Cusip number is 40054LAG9.
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