GS Finance plans contingent income autocallable notes on Halliburton

By Tali Rackner

Norfolk, Va., Aug. 12 – GS Finance Corp. plans to price contingent income autocallable securities due Aug. 22, 2019 linked to the common stock of Halliburton Co., according to an FWP 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 10.6% if the shares close at or above the 70% downside threshold level on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if Halliburton shares close at or above the initial price on any call observation date.

The payout at maturity will be par plus the final coupon unless the shares finish below the downside threshold level, in which case investors will be fully exposed to the decline.

Goldman Sachs & Co. is the underwriter with Morgan Stanley Wealth Management handling distribution.

The notes are expected to price on Aug. 19.

The Cusip number is 36250Y551.

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