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GS Finance to price contingent coupon autocalls on S&P, Russell
By Sarah Lizee
Olympia, Wash., Jan. 3 – GS Finance Corp. plans to price autocallable contingent coupon notes due Feb. 5, 2029 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 7.55% to 8.55% 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 each index closes at or above its initial level on any review date beginning in January 2020 and ending in October 2028.
The payout at maturity will be par unless either index finishes below its 50% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
The notes will price on Jan. 29.
The Cusip number is 40056EQE1.
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