GS Finance plans trigger phoenix autocallables linked to three indexes

By Wendy Van Sickle

Columbus, Ohio, March 28 – GS Finance Corp. plans to price 0% trigger phoenix callable optimization securities due March 31, 2020 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of 9.7% if each index closes at or above the coupon barrier level – 60% of the initial level – on the observation date for that quarter.

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

The payout at maturity will be par plus the contingent coupon unless any index closes below the 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

Goldman Sachs & Co. is the agent.

The notes will price on March 29.

The Cusip number is 36250E654.

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