GS Finance plans callable contingent coupon notes on Stoxx, Russell

By Wendy Van Sickle

Columbus, Ohio, July 14 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due Aug. 5, 2019 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if each index closes at or above 70% of its initial level every day during that quarter.

The notes will be callable at par plus the contingent coupon, if any, on any coupon payment date other than the final one.

The payout at maturity will be par unless either index finishes below its 68% trigger level, in which case investors will be fully exposed to the loss of the worse performing index.

Goldman Sachs & Co. is the underwriter.

The notes will price on July 27 and settle on July 29.

The Cusip number is 40054KG34.

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