GS Finance plans contingent income autocallables on Stoxx, MSCI EAFE

By Tali Rackner

Minneapolis, April 19 – GS Finance Corp. plans to price contingent income autocallable securities due April 24, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the MSCI EAFE index, 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 9.7% if each index closes 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 each index closes at or above its initial level on any call observation date beginning Oct. 23 and ending on Jan. 21, 2020.

The payout at maturity will be par of $1,000 plus the final coupon unless either index finishes below the downside threshold level, in which case investors will lose 1% for each 1% decline of the lesser-performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price on April 21.

The Cusip number is 40054L6U3.

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