GS Finance plans trigger autocallables linked to Nasdaq, Euro Stoxx

By Angela McDaniels

Tacoma, Wash., May 23 – GS Finance Corp. plans to price trigger autocallable contingent yield notes due June 1, 2029 linked to the lesser performing of the Nasdaq-100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Each quarter, the notes will pay a contingent coupon at the rate of 6% to 7% per year if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter. The exact contingent coupon rate will be set at pricing.

The notes will be automatically called at par of $10 if each index closes at or above its initial level on any quarterly observation date.

If the notes are not called and each index finishes at or above its downside threshold, 50% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is selling agent.

The notes will price May 29.

The Cusip number is 36257D774.

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