GS Finance plans contingent coupon autocallables tied to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Sept. 20 – GS Finance Corp. plans to price autocallable contingent coupon notes due Jan. 2, 2026 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 4% per year if each index closes at or above its barrier level, 80% of its initial level, on the observation date for that quarter.

From September 2020 to and including September 2025, 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.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price Sept. 24.

The Cusip number is 40056XDR4.

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