GS Finance to price autocallable contingent coupon on stocks

By Sarah Lizee

Olympia, Wash., July 18 – GS Finance Corp. plans to price autocallable contingent coupon notes due July 26, 2024 linked to the common stocks of Boeing Co., Walt Disney Co. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Each quarter, the notes pay a contingent coupon at an annual rate of 11% if each stock closes at or above its coupon trigger level, 60% of its initial level, on the observation date for that quarter.

The notes will be automatically called at par if each stock closes at or above its initial level on any coupon determination date, starting in January 2020.

If the return of each stock is greater than or equal to negative 40%, the payout will be par plus the coupon.

If any stock falls by more than 40%, the payout will be par plus the return of the least performing stock.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on July 19.

The Cusip number is 40056FUZ6.

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