GS Finance to price contingent income callable notes linked to indexes

By Angela McDaniels

Tacoma, Wash., May 13 – GS Finance Corp. plans to price contingent income callable securities due May 23, 2017 linked to the lesser performing of the Dow Jones industrial average and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Each month, the notes will pay a contingent coupon at an annual rate of 6% if each index closes at or above its downside threshold level, 76.25% of its initial index level, on the determination date for that month.

The notes are callable at par on any quarterly determination date other than the final one.

If each index finishes at or above its downside threshold level, the payout at maturity will be par plus the final contingent coupon. If the final level of either index is less than its downside threshold level, investors will be fully exposed to the decline of the lesser-performing index.

Goldman Sachs & Co. is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

The notes will price May 18.

The Cusip number is 36250Y130.

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