GS Finance to price contingent coupon autocallables on Russell, S&P

By Tali Rackner

Minneapolis, Aug. 24 – GS Finance Corp. plans to price autocallable contingent coupon notes due Sept. 7, 2027 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 be guaranteed by Goldman Sachs Group, Inc.

The notes pay a contingent quarterly coupon at an annual rate of 5.3% if each index closes at or above its coupon trigger level, 60% of its initial level, on the observation date for that quarter.

The notes will be called automatically if each index finishes above its initial level on any call observation date.

The payout at maturity will be par plus the final coupon, unless either index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the lesser-performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price on Aug. 28 and settle on Aug. 31.

The Cusip number is 40054LMN1.

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