GS Finance to price callable contingent coupon notes on two indexes

By Devika Patel

Knoxville, Tenn., Oct. 10 – GS Finance Corp. plans to price callable contingent coupon notes due Oct. 31, 2021 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

The notes will pay a contingent quarterly coupon at an annual rate of 6% for the first four coupon payment dates, 8% for the next four coupon payment dates and 10% for the final four coupon payment dates if each index closes at or above 70% of its initial level on the coupon payment date for that quarter.

Beginning on Jan. 31, 2019 and ending on July 31, 2021, the notes are callable in whole but not in part at par plus any contingent coupon on any coupon payment date.

The payout at maturity will be par plus the final coupon unless either index finishes below 70% of its initial level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056E5N4) will price on Oct. 29 and settle on Oct. 31.

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