Goldman plans callable contingent coupon notes linked to two indexes

By Marisa Wong

Madison, Wis., July 6 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due July 31, 2030 linked to the Russell 2000 index and the Euro Stoxx 50 index, 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 10.2% if each underlying index closes at or above 70% of its initial level on the review date for that quarter.

If each index finishes at or above 50% of its initial level, the payout at maturity will be par plus the contingent coupon, if any. Otherwise, investors will be fully exposed to the decline of the worst-performing index.

Beginning Jan. 31, 2016, the notes may be called at par on any coupon payment date.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price July 29 and settle July 31.

The Cusip number is 38148T7D5.

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