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Goldman Sachs to price contingent coupon notes linked to 20 stocks
By Angela McDaniels
Tacoma, Wash., Sept. 25 - Goldman Sachs Group, Inc. plans to price contingent coupon notes due Sept. 30, 2020 linked to an equally weighted basket of 20 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The stocks are Aflac Inc., Apple Inc., AT&T Inc., Deere & Co., Eli Lilly and Co., Ford Motor Co., Freeport-McMoRan Copper & Gold Inc., General Dynamics Corp., Hewlett-Packard Co., Intel Corp., Kraft Foods Group, Inc., Lockheed Martin Corp., LyondellBasell Industries NV, Merck & Co., Inc., Microsoft Corp., Occidental Petroleum Corp., Pfizer Inc., Phillips 66, Travelers Cos., Inc. and Wal-Mart Stores, Inc.
The notes will pay a coupon each year equal to the average of the basket stocks' stock performances.
If a stock's return is zero or positive, its stock performance will be 7%. If a stock's return is negative, its stock performance will be zero.
The payout at maturity will be par.
Goldman Sachs & Co. is the underwriter.
The notes are expected to price Sept. 27 and settle Sept. 30.
The Cusip number is 38147QWJ1.
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