GS Finance to price callable contingent coupon notes tied to indexes

By Sarah Lizee

Olympia, Wash., Sept. 23 – GS Finance Corp. plans to price callable contingent coupon notes due Sept. 27, 2029 linked to least performing of the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annualized rate of 8% if each index closes at or above its barrier level, 70% of its initial level, on the observation date for that quarter.

The notes will be callable at par on any interest payment date.

The payout at maturity will be par plus the final contingent coupon, if any unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least-performing index.

The notes will be guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price Sept. 25.

The Cusip number is 40056XDY9.

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