GS Finance to price contingent coupon autocallables on Russell, EM ETF

By Marisa Wong

Morgantown, W.Va., Nov. 10 – GS Finance Corp. plans to price autocallable contingent coupon notes due Nov. 22, 2024 linked to the iShares MSCI Emerging Markets exchange-traded fund 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.

Each month, the notes will pay a contingent coupon at the rate of 8.25% per year if each underlier closes at or above 80% of its initial level on the observation date for that month.

Beginning in November 2018, the notes will be automatically called at par if each underlier closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless either underlier falls by more than 20%, in which case investors will be fully exposed to the decline of the worse performing underlier from its initial level.

Goldman Sachs & Co. is the underwriter.

The notes will price on Nov. 15.

The Cusip number is 40055A3L9.

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