GS Finance to price contingent income autocallables tied to Nike

By Sarah Lizee

Olympia, Wash., April 12 – GS Finance Corp. plans to price contingent income autocallable securities due April 21, 2022 linked to the common stock of Nike, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.2% if the stock closes at or above the 80% downside threshold on the determination date for that quarter.

Beginning Oct. 18, the notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly call date.

The payout at maturity will be par unless the stock finishes below its 80% downside threshold, in which case investors will lose 1% for each 1% decline.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.

The notes will price on April 18.

The Cusip number is 36257D519.

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