GS Finance plans contingent coupon autocalls on CSX, Union Pacific

By Sarah Lizee

Olympia, Wash., Oct. 10 – GS Finance Corp. plans to price autocallable contingent coupon equity-linked notes due Oct. 25, 2021 linked to the common stocks of CSX Corp. and Union Pacific Corp., 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 8.35% to 9.35% if each stock closes at or above 65% of its initial price on the review date for that quarter.

Beginning in April 2019 and ending in July 2021, the notes will be called at par plus the contingent coupon if each stock closes at or above its initial price on any quarterly review date.

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

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056E7D4) will price on Oct. 17 and settle on Oct. 22.

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