GS Finance plans contingent coupon autocallables tied to Stoxx, Russell

By Tali Rackner

Minneapolis, June 23 – GS Finance Corp. plans to price autocallable contingent coupon notes due June 30, 2022 linked to the Euro Stoxx 50 index and the Russell 2000 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 7% to 8% per year if each index closes at or above its coupon trigger level, 70% of its initial level, on the observation date for that quarter.

Beginning in December, the notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date.

The payout at maturity will be par plus the final coupon unless either index declines by more than 30%, in which case investors will be fully exposed to the decline of the lesser-performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price June 27 and settle on June 30.

The Cusip number is 40054LG65.

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