Goldman Sachs plans contingent coupon autocallables linked to indexes

By Susanna Moon

Chicago, Oct. 24 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon notes due Nov. 13, 2029 linked to the Russell 2000 index and the S&P 500 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% if each index closes at or above the 75% coupon barrier level on the coupon determination date for that quarter.

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

If the notes have not been called and each index finishes at or above the 75% coupon barrier level, the payout maturity will be par plus the contingent coupon.

If either index falls by more than 25% but each index falls finishes at or above the 60% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Goldman Sachs & Co. is the underwriter.

The notes will price on Oct. 29 and settle on Oct. 31.

The Cusip number is 38147QLH7.

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