Goldman plans 8.8% contingent coupon autocalls on Stoxx 50, EM fund

By Susanna Moon

Chicago, April 16 – GS Finance Corp. plans to price autocallable contingent coupon notes due Oct. 30, 2025 linked to the least performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 8.8% if each asset closes at or above its 80% coupon barrier on the observation date for that month.

The notes will be called at par if each asset closes at or above its initial level on any contingent interest payment date after one year.

The payout at maturity will be par unless either asset finishes below its 80% trigger level, in which case investors will be fully exposed to any losses of the worse performing index or fund.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on April 23 and settle on April 26.

The Cusip number is 40055AXL6.

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