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GS Finance plans fixed-coupon autocallables on S&P, Russell, Stoxx
New York, March 26 – GS Finance Corp. plans to price fixed-coupon autocallable notes due July 22, 2019 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The coupon will be paid monthly at an annual rate of 9% to 10%, with the exact level to be set at pricing.
If each index closes above its initial level on any call observation date then the notes will be automatically called at par plus the coupon.
At maturity investors will receive par unless any index has closed below its trigger level, 70% of its initial level, during the life of the notes in which case investors will be exposed to the performance of the worst performing index and will receive no more than par.
Goldman Sachs & Co. is the underwriter.
The notes will price on April 12 and settle on April 17.
The Cusip number is 40055ATP2.
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