Goldman plans 10% contingent yield trigger autocalls on S&P, Russell, Stoxx

By Susanna Moon

Chicago, Oct. 9 – GS Finance Corp. plans to price trigger autocallable contingent yield notes due Oct. 13, 2028 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 10% if each index closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes will be called at par if index closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par unless any index finishes below its 75% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.

The notes will price on Oct. 10.

The Cusip number is 36256M296.

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