GS Finance plans contingent coupon autocallables tied to four stocks

By Sarah Lizee

Olympia, Wash., Nov. 20 – GS Finance Corp. plans to price autocallable contingent coupon notes due Dec. 2, 2024 linked to the common stock of Apple Inc., Amazon.com, Inc., Alphabet Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes pay a contingent coupon at an annual rate of 9.85% if each stock closes at or above its trigger level, 50% of its initial share price, on the observation date for that quarter.

The notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly observation date.

The payout at maturity will be par unless any stock finishes below its trigger level, in which case investors will be exposed to the decline of the least-performing stock.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on Nov. 22.

The Cusip number is 40056XQG4.

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