GS Finance plans contingent income autocallables linked to JPMorgan

By Devika Patel

Knoxville, Tenn., Feb. 2 – GS Finance Corp. plans to price contingent income autocallable securities due Feb. 8, 2019 linked to JPMorgan Chase & Co. common shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment at an annualized rate of 9.25% if the shares close at or above the 75% threshold level on the observation date for that quarter.

The notes will be automatically called at par of $10 plus the contingent coupon if the stock closes at or above the initial price on any determination date.

The payout at maturity will be par plus the final coupon unless the shares finish below the 75% threshold level, in which case investors will be exposed to any declines.

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

The notes (Cusip: 36250E316) will price on Feb. 5 and settle three business days after pricing.

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