GS Finance plans contingent coupon autocallables on Boeing

By Sarah Lizee

Olympia, Wash., Jan. 8 – GS Finance Corp. plans to price autocallable contingent coupon stock-linked notes due Jan. 27, 2021 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Each quarter, if the closing price of the stock on the related coupon determination date is greater than or equal to 69.65% of the initial price, the notes will pay a coupon equal to the product of $25 times the number of coupon determination dates that have occurred up to and including the relevant coupon determination date minus the sum of all coupons previously paid.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly determination date.

The payout at maturity will be par plus any coupon due unless the stock finishes below its 69.65% trigger level, in which case investors will lose 1% for every 1% decline of the stock.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Jan. 10.

The Cusip number is 40056YAJ3.

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