GS Finance plans contingent income autocallables linked to Citigroup

By Devika Patel

Knoxville, Tenn., Oct. 11 – GS Finance Corp. plans to price contingent income autocallable securities due Oct. 19, 2017 linked to the common stock of Citigroup Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 9.5% if the shares close at or above the 80% downside threshold level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if Citigroup shares close at or above the initial price on any of the first three coupon determination dates.

The payout at maturity will be par plus the final coupon unless the shares finish below the downside threshold level, in which case investors will lose 1% for each 1% decline.

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

The notes (Cusip: 36250Y866) will price on Oct. 14 and settle three business days after pricing.

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