GS Finance plans contingent income autocallable notes on Micron

New York, April 9 – GS Finance Corp. plans to price contingent income autocallable securities due May 1, 2020 linked to the common stock of Micron Technology, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If Micron shares close at or above 60% of their initial price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 14.75% to 15.25%. The exact coupon will be set at pricing.

Beginning in October 2018, the notes will be called at par plus the contingent coupon if Micron shares close at or above their initial price on any quarterly determination date.

If the final share price is greater than or equal to 60% of the initial level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

Goldman Sachs & Co. LLC is the agent.

The notes will price on April 24 and settle on April 27.

The Cusip number is 40055AXK8.

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