Goldman Sachs plans trigger phoenix autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., Nov. 18 – Goldman Sachs Group, Inc. plans to price trigger phoenix autocallable optimization securities due Nov. 24, 2020 linked to the worst performing of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 10.6% to 11.2% per year f each index closes at or above its barrier level, 70% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

Beginning May 20, 2016, the notes will be called at par of $10 if each index closes at or above its initial level on any quarterly observation date.

If the final level of each index is greater than or equal to its barrier level, the payout at maturity will be par plus the final contingent coupon. If any index finishes below its barrier level, investors will be fully exposed to the decline of the worst-performing index.

Goldman Sachs & Co. is the agent.

The notes are expected to price Nov. 25.

The Cusip number is 38148X639.

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