Goldman Sachs plans contingent coupon autocallables on two indexes

By Toni Weeks

San Luis Obispo, Calif., Dec. 4 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon notes due Jan. 9, 2030 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon of 7% per year if each index closes at or above its coupon trigger level, 80% of its initial level, on the observation date for that interest period.

The notes will be automatically called at par plus the coupon if the closing level of each index is greater than or equal to its initial level on any quarterly call observation date after one year.

If the notes are not called, the payout at maturity will be par plus the coupon if each index finishes at or above 80% its initial level.

If either index finishes below 80% of its initial level but each index finishes at or above 60% of its initial level, the payout will be par.

If the return of either index is less than negative 40%, the payout will be par plus the return of the least-performing index, with full exposure to losses.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 38147QPY6) will price Dec. 24 and settle Dec. 30

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