GS Finance to price contingent coupon autocalls on Nasdaq, Russell

By Sarah Lizee

Olympia, Wash., Aug. 21 – GS Finance Corp. plans to price autocallable contingent coupon notes due Dec. 2, 2021 linked to the worst performing of the Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes pay a contingent coupon at an annual rate of 5.25% if each index closes at or above its coupon barrier, 55% of its initial level, on the observation date for that period.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date after six months.

If the notes are not called, the payout will be par unless either index falls below 55% of its initial level, in which case investors will be exposed to the decline of the lesser performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on Aug. 24.

The Cusip number is 40057CNT4.

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