Goldman plans callable contingent coupon notes tied to Russell 2000

By Marisa Wong

Madison, Wis., March 10 – Goldman Sachs Group, Inc. plans to price callable contingent coupon notes due March 31, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent coupon of 1.75% for each quarter that the index closes at or above the 70% coupon barrier level on the valuation date for that quarter.

If the index return is at least negative 30%, the payout at maturity will be par plus the contingent coupon.

If the index return is less than negative 30% but at least negative 50%, the payout will be par.

If the index falls by more than 50%, investors will be fully exposed to the decline.

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

Goldman, Sachs & Co. is the agent.

The notes will price on March 27 and settle on March 31.

The Cusip number is 38147QWG7.

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