Goldman plans 6.15%-7.15% contingent trigger autocalls on Stoxx, S&P

By Susanna Moon

Chicago, Nov. 21 – GS Finance Corp. plans to price trigger autocallable contingent yield notes due Dec. 2, 2027 linked to the lesser performing of the Euro Stoxx 50 index and the S&P 500 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 quarterly coupon at an annual rate of 6.15% to 7.15% if each index closes at or above its coupon barrier, 70% of the initial level, 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 observation date after one year.

The payout at maturity will be par unless either index finishes below its 50% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Nov. 28 and settle on Nov. 30.

The Cusip number is 36254F426.

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