GS Finance eyes autocallable contingent coupon notes tied to indexes

Chicago, Dec. 28 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due Feb. 5, 2029 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 6% if each index closes at or above the coupon trigger level, 60% of its 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 beginning January 2020 and ending October 2028.

The payout at maturity will be par unless either index finishes below 60% of its initial level, in which case investors will lose 1% for each 1% decline of the worse performing index.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056EPD4) will price on Jan. 28 and settle Jan. 31.

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