GS Finance plans trigger autocallable contingent yield notes on Russell, Stoxx

By Sarah Lizee

Olympia, Wash., April 8 – GS Finance Corp. plans to price trigger autocallable contingent yield notes due April 19, 2029 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 6% to 7% if each index closes at or above its coupon barrier level, 70% of its initial level, on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any observation date after one year.

The payout at maturity will be par plus any coupon unless either index finishes below the 50% downside threshold level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.

UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.

The notes will price on April 16.

The Cusip number is 36257D485.

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