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GS Finance plans 6.5%-7.5% autocallables linked to S&P, Russell 2000
By Angela McDaniels
Tacoma, Wash., June 5 – GS Finance Corp. plans to price autocallable fixed coupon notes due Oct. 4, 2018 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 will be guaranteed by Goldman Sachs Group, Inc.
The interest rate is expected to be 6.5% to 7.5% and will be set at pricing. Interest will be payable monthly.
Beginning Dec. 27, 2017, 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 unless either index closes below its trigger level, 70% of its initial level, during the life of the notes and either index finishes below its initial level, in which case investors will be exposed to the decline of the lesser-performing index.
Goldman Sachs & Co. is the underwriter.
The notes will price June 27.
The Cusip number is 40054LFH2.
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