GS Finance eyes trigger autocallable contingent yield note on indexes

By Devika Patel

Knoxville, Tenn., June 12 – GS Finance Corp. plans to price 0% trigger autocallable contingent yield notes due June 22, 2027 linked to the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of between 6.25% and 7.25% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date beginning June 18, 2018.

The payout at maturity will be par plus the final coupon if both indexes finish above the coupon barrier level. Investors will receive par if the index falls below the coupon barrier level but finishes above the downside threshold level, 50% of its initial level. Otherwise, investors will lose 1% for every 1% loss of the worse performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 36251V861) will price on June 16 and settle on June 21.

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