Goldman Sachs plans contingent coupon autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., Oct. 21 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon notes due Oct. 31, 2019 linked to the Russell 2000 index, the S&P 500 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 10.5% per year if each index’s closing level is greater than or equal to 75% of its initial level on the coupon determination date for that quarter.

The notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any coupon determination date.

If the notes have not been called and the return of each index is greater than or equal to negative 25%, the payout maturity will be par plus the contingent coupon. If the return of any index is less than negative 25%, investors will be fully exposed to the decline of the least performing index.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price Oct. 28 and settle Oct. 31.

The Cusip number is 38147QL79.

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