GS Finance eyes autocallable contingent coupon notes tied to indexes

By Sarah Lizee

Olympia, Wash., Feb. 1 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due March 5, 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 are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 5% if each index closes at or above the coupon trigger level, 65% of its initial level, on the review date for that quarter.

Beginning in February 2020 and ending in November 2028, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless either index finishes below 65% of its initial level, in which case investors will lose 1% for each 1% decline of the worse performing index.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056EVH8) will price on Feb. 25.

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