GS Finance plans contingent coupon autocallables on EM ETF, Euro Stoxx

By Tali Rackner

Minneapolis, Jan. 11 – GS Finance Corp. plans to price autocallable contingent coupon notes due July 31, 2025 linked to the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

Each month, the notes will pay a contingent coupon of $5.834 per $1,000 principal amount if each underlying closes at or above its coupon trigger level, 80% of its initial level, on the observation date for that month.

The notes will be automatically called at par if each underlying closes at or above its initial level on any monthly observation date.

The payout at maturity will be par plus the final coupon unless the return of either underlying is less than negative 20%, in which case investors will be exposed to the decline of the lesser-performing underlying from its initial level.

Goldman Sachs & Co. LLC is the underwriter.

The notes are expected to price on Jan. 24 and settle on Jan. 29.

The Cusip number is 40055AF69.

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