GS Finance to price autocallable contingent coupon notes on S&P Banks

By Devika Patel

Knoxville, Tenn., April 11 – GS Finance Corp. plans to sell autocallable contingent coupon index-linked notes due May 1, 2019 linked to the S&P Regional Banks Select Industry index, according to a 424B2 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% if the index closes at or above 80.5% of its initial level on the review date for that quarter.

The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on July 26, 2018, Oct. 25, 2018 or Jan. 24, 2019.

The payout at maturity will be par plus the a coupon equal to $100 minus the sum of all coupons previously paid unless the index finishes below its 80.5% trigger level, in which case investors will lose 1% for each 1% decline of the index from its initial level.

Goldman Sachs & Co. and J.P. Morgan Securities LLC are the agents.

The notes (Cusip: 40055AXV4) will price on April 13 and settle April 18.

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