GS Finance plans to price contingent coupon autocallables on Disney

By Sarah Lizee

Olympia, Wash., March 13 – GS Finance Corp. plans to price autocallable contingent coupon stock-linked notes due June 25, 2021 linked to the common stock of Walt Disney Co., 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 monthly coupon of 9% per annum if the stock closes at or above its 72% coupon trigger level on the related monthly determination date.

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 after six months.

The payout at maturity will be par unless the stock finishes below the 72% 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 March 18.

The Cusip number is 40056YTJ3.

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