GS Finance to price contingent coupon autocallables linked to stocks

By Sarah Lizee

Olympia, Wash., Aug. 1 – GS Finance Corp. plans to price autocallable contingent coupon notes due Aug. 13, 2020 linked to the common stocks of Apple Inc., Amazon.com, Inc., Alphabet Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Each month, the notes will pay a contingent coupon if each stock closes at or above its barrier level, 55% of its initial level, on the observation date for that month. The coupon rate is expected to be 7.75% per year.

The notes will be automatically called at par if each stock closes at or above its initial level on any determination date, starting in November.

The payout at maturity will be par plus any coupon due unless any stock finishes below 55% of its initial level, in which case investors will be exposed to the decline of the least-performing stock from its initial level.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price Aug. 6.

The Cusip number is 40056FXG5.

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