Goldman plans 7.25%-8.25% contingent coupon autocalls tied to indexes

By Susanna Moon

Chicago, May 31 – GS Finance Corp. plans to price autocallable contingent coupon notes due Jan. 6, 2020 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7.25% to 8.25% if each index closes at or above its 70% coupon barrier on the observation date for that month.

The notes will be called at par if each index closes at or above its initial level on any review date from December 2018 through September 2019.

The payout at maturity will be par unless any underlying index ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on June 26 and settle on June 29.

The Cusip number is 40055QBH4.

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