Goldman plans contingent income autocallables linked to Halliburton

By Susanna Moon

Chicago, Feb. 10 – GS Finance Corp. plans to price contingent income autocallable securities due Feb. 21, 2020 linked to Halliburton Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 10.2% if the stock closes at or above the downside threshold level, 80% of the initial share price, on a determination date for that quarter.

The notes will be called at par of $10 plus the contingent coupon if the shares close at or above the initial share price on any of the first 11 determination dates.

The payout at maturity will be par unless the stock finishes below its 75% downside threshold, in which case investors will be fully exposed to any losses.

The guarantor is Goldman Sachs Group, Inc.

Goldman, Sachs & Co. is the agent. Morgan Stanley Smith Barney LLC is handling distribution.

The notes will price on Feb. 17.

The Cusip number is 36251U863.

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