Goldman plans contingent yield trigger callables tied to three indexes

By Susanna Moon

Chicago, July 20 – GS Finance Corp. plans to price trigger callable contingent yield notes due July 28, 2020 linked to the lesser performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11% to 11.5% if each index closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date beginning Jan. 29, 2018.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

The notes will price on July 21.

The Cusip number is 36253M463.

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