GS Finance plans trigger callable contingent yield notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Oct. 27 – GS Finance Corp. plans to price trigger callable contingent yield notes due Feb. 8, 2021 linked to the least performing of the S&P 500 index, the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

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

Each quarter, the notes will pay a contingent coupon at an annual rate of 9% if each index closes at or above its barrier level, 60% of its initial level, on each day during that quarter.

The notes will be callable at par on any coupon payment date beginning May 8, 2017.

The payout at maturity will be par unless any index finishes below its 60% downside threshold level, in which case investors will be fully exposed to any losses of the worst performing index.

Goldman, Sachs & Co. is the agent.

The notes will price on Oct. 28 and settle on Nov. 2.

The Cusip number is 36251U186.

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