Goldman Sachs to price contingent coupon autocallables linked to Russell, crude oil indexes

By Toni Weeks

San Luis Obispo, Calif., Feb. 17 – Goldman Sachs Group, Inc. plans to price autocallable contingent coupon notes due March 10, 2023 linked to the S&P GSCI Crude Oil Index Excess Return and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index closes at or above the 70% coupon barrier level on a quarterly determination date, the notes will pay a coupon at an annualized rate of 10% for that interest period.

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

If the notes are not called and each index finishes at or above the 70% coupon barrier level, the payout at maturity will be par plus the contingent coupon. If either index finishes below the 70% barrier level but both indexes finish at or above the trigger level, 50% of the initial level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worst-performing index.

Goldman Sachs & Co. is the agent.

The notes will price Feb. 24 and settle Feb. 27.

The Cusip number is 38147QTZ9.

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