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Goldman plans two-year contingent income autocallables on Euro Stoxx
By Susanna Moon
Chicago, March 15 – GS Finance Corp. plans to price contingent income autocallable securities due April 5, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.25% if the index closes at or above its 80% downside threshold level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial index level on any determination date.
The payout at maturity will be par plus the final contingent coupon unless the index finishes below its 80% downside threshold level, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
The notes will price on March 31.
The Cusip number is 36250E530.
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