GS Finance plans contingent income autocallable notes on Facebook

By Wendy Van Sickle

Columbus, Ohio, Sept. 23 –GS Finance Corp. plans to price contingent income autocallable securities due Oct. 3, 2019 linked to Facebook, Inc. class A common shares, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of at 8.65% if Facebook stock closes at or above its 80% downside threshold level on the observation date for that quarter.

The notes will be redeemed at par of $10 plus the contingent payment if the stock closes at or above the initial level on any of the first 11 coupon payment dates.

The payout at maturity will be par plus the final coupon unless the stock finishes below the downside threshold level, in which case investors will lose 1% for every 1% that the final share price is less than the initial share price.

Goldman, Sachs & Co. is the agent.

The notes (Cusip: 36250Y742) will price on Sept. 30 and settle three business days after pricing.

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