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GS Finance to price contingent coupon autocalls tied to Beyond Meat
By Sarah Lizee
Olympia, Wash., June 18 – GS Finance Corp. plans to price autocallable contingent coupon stock-linked notes due June 26, 2023 linked to the common stock of Beyond Meat, Inc., 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 of 18.25% per annum if the stock closes at or above its 50% coupon trigger level on the related determination date.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless the stock finishes below the 50% trigger level, in which case investors will lose 1% for every 1% decline of the stock.
Goldman Sachs & Co. LLC is the agent.
The notes will price on June 19.
The Cusip number is 40057CBN0.
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