GS Finance plans contingent coupon autocallables linked to indexes

By Angela McDaniels

Tacoma, Wash., Dec. 6 – GS Finance Corp. plans to price autocallable contingent coupon notes due March 22, 2021 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon if each index closes at or above its trigger level, 70% of its initial level, on the observation date for that quarter. The contingent coupon rate is expected to be at least 6% per year and will be set at pricing.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date other than the final one.

The payout at maturity will be par unless any index closes below its trigger level during the life of the notes and the return of any index is negative, in which case investors will be exposed to the decline of the least-performing index from its initial level.

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

Goldman Sachs & Co. LLC is the underwriter.

The notes will price Dec. 13.

The Cusip number is 40056XRE8.

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