GS Finance plans contingent coupon autocalls on Russell, S&P 500

By Sarah Lizee

Olympia, Wash., Nov. 8 – GS Finance Corp. plans to price autocallable contingent coupon notes due Dec. 4, 2028 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 5.25% if each index closes at or above its 60% coupon barrier 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 review date after one year.

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

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

The notes will price on Nov. 27 and settle on Nov. 30.

The Cusip number is 40056EF94.

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