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Goldman plans 5.75% contingent coupon autocalls on S&P 500, Russell
New York, April 17 – GS Finance Corp. plans to price autocallable contingent coupon notes due April 22, 2021 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annualized rate of 8.5% if each index closes at or above its 80% coupon trigger on the observation date for that month.
Starting in October 2018, the notes will be called at par if each index closes at or above its initial level on any quarterly call observation date.
The payout at maturity will be par if both indexes finish at or above 80% of their initial levels, otherwise investors will lose 1.25% for each 1% decline of the worse performing index beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
The notes will price on April 18 and settle on April 23.
The Cusip number is 40055AYD3.
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