Goldman plans 16.8% contingent coupon autocalls tied to three stocks

By Susanna Moon

Chicago, Oct. 10 – GS Finance Corp. plans to price autocallable contingent coupon notes due Oct. 18, 2022 linked to the least performing of the common stocks of Amazon.com, Inc., Nvidia Corp. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 16.8% if each underlying stock closes at or above its 65% coupon barrier on the observation date for that month.

The notes will be called at par if each stock closes at or above its initial level on any review date after six months.

The payout at maturity will be par unless any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

The guarantor is Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on Oct. 11.

The Cusip number is 40056EAU2.

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