GS Finance eyes autocallable contingent coupon notes on three stocks

By Sarah Lizee

Olympia, Wash., March 15 – GS Finance Corp. plans to price autocallable contingent coupon notes due March 26, 2024 linked to the least performing of the common stocks of Broadcom Inc., Boeing Co. and Splunk Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 17.2% if each underlying stock closes at or above its 60% coupon barrier on the observation date for that period.

The notes will be called at par if each stock closes at or above its initial level on any quarterly review date beginning in December 2019.

The payout at maturity will be par unless any stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the agent.

The notes will price on March 21.

The Cusip number is 40056F4A0.

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