GS Finance plans autocallable contingent coupon notes tied to indexes

By Tali Rackner

Norfolk, Va., Jan. 13 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due Jan. 31, 2022 linked to the S&P 500 index and the Russell 2000 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 6.1% if each index closes at or above 70% of its initial level on the review date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any call observation date from January 2018 through October 2021.

If each index finishes positive or falls by up to 30%, the payout will be par plus the contingent coupon.

If either index falls by more than 30% of its initial level but neither falls by more than 40%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.

Goldman Sachs & Co. is the agent.

The notes will price on Jan. 24 and settle on Jan. 27.

The Cusip number is 40054KUC8.

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