GS Finance eyes contingent coupon autocallables on Stoxx, Russell

By Sarah Lizee

Olympia, Wash., May 8 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due Sept. 8, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 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 of 7.6% to 8.6% per annum if each index closes at or above its 70% coupon trigger level on the related quarterly determination date.

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

The payout at maturity will be par unless either index finishes below its initial level and either index has ever closed below its 70% trigger level during the life of the notes, in which case investors will lose 1% for every 1% decline of the least performing index. In either case, a coupon will be paid if both indexes finish above the coupon trigger.

Goldman Sachs & Co. LLC is the agent.

The notes will price on May 31.

The Cusip number is 40056FF67.

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