GS Finance eyes autocallable contingent coupon notes on Stoxx, Russell

By Sarah Lizee

Olympia, Wash., Oct. 25 – GS Finance Corp. plans to price autocallable contingent coupon notes due Feb. 4, 2021 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent monthly coupon if each index closes at or above its 75% coupon trigger level on the determination date for that period. The coupon will be at an annualized rate of 8%.

After six months, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any monthly determination date.

The payout at maturity will be par plus any coupon due unless either index ever closes below 75% of its initial level on any day during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed to the decline of the least performing index.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Oct. 28.

The Cusip number is 40056XEP7.

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