Goldman plans 8.25%-9.25% fixed coupon autocalls linked to Celgene

By Susanna Moon

Chicago, April 25 – GS Finance Corp. plans to price 8.25% to 9.25% autocallable fixed coupon notes due Nov. 22, 2019 linked to Celgene Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly, with the exact coupon to be set at pricing.

The notes will be called at par if the stock closes at or above its initial level on any of three review dates after six months.

The payout at maturity will be par unless the stock finishes below its initial level and ever closes below its 75% trigger level during the life of the notes, in which case investors will be fully exposed to any losses.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on May 15 and settle on May 18.

The Cusip number is 40055AZ83.

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