Goldman Sachs to price contingent coupon notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Sept. 9 – Goldman Sachs Group, Inc. plans to price contingent coupon notes due Sept. 28, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 6.5% per year if the index return is greater than or equal to negative 25% on the coupon determination date for that quarter.

If the index return is greater than or equal to negative 25%, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the index’s decline.

Goldman Sachs & Co. is the underwriter.

The notes are expected to price Sept. 19 and settle Sept. 26.

The Cusip number is 38147QGQ3.

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