Goldman plans 10-year contingent income callables tied to Stoxx 50

By Susanna Moon

Chicago, Jan. 19 – GS Finance Corp. plans to price contingent income callable securities due Feb. 3, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% if the index closes at or above the 75% coupon threshold on the observation date for that quarter.

The notes are callable at par plus the contingent coupon on any call observation date after one year.

The payout at maturity will be par unless the index finishes below its 60% downside threshold, in which case investors will lose 1% for each 1% decline.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.

The notes will price on Jan. 31.

The Cusip number is 40055AFL6.

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