Goldman plans callable contingent coupon notes on Russell, S&P 500

New York, Dec. 4 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due Jan. 2, 2023 linked to the Russell 2000 index and the S&P 500 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 6.7% if both indexes close at or above the 60% barrier level on the determination date for that quarter.

The payout at maturity will be par plus the contingent coupon if each component finishes at or above the 60% barrier level.

If the return of either index is less than negative 40%, investors will be fully exposed to the loss of the lesser performing index.

The notes are callable at par on any coupon payment date beginning March 31, 2015.

Goldman Sachs & Co. is the underwriter.

The notes will price on Dec. 26 and settle on Dec. 31.

The Cusip number is 38147QPU4.

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