Goldman plans four-year contingent coupon autocallables tied to indexes

By Susanna Moon

Chicago, Sept. 1 – GS Finance Corp. plans to price autocallable contingent coupon notes due Sept. 10, 2020 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 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 annual rate of 5.6% to 6% if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly determination date from September 2017 to and including June 2020.

The payout at maturity will be par plus the contingent coupon unless either index falls below 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price on Sept. 2 and settle on Sept. 9.

The Cusip number is 40054KJ98.

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