GS Finance plans contingent coupon autocallables tied to Euro Stoxx

By Devika Patel

Knoxville, Tenn., Oct. 12 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due Oct. 18, 2021 linked to the Euro Stoxx 50 index, 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 quarterly coupon at an annual rate that is expected to fall between 11.25% and 13% and will be set at pricing if the index closes at or above 80% of its initial level on the review date for that quarter.

Beginning in April 2017, the notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly review date until July 2021.

The payout at maturity will be par plus the final coupon if any unless the index finishes below its 75% trigger level, in which case investors will lose 1% for each 1% decline.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054KME3) will price on Oct. 13 and settle Oct. 18.

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