Goldman plans contingent coupon callable notes tied to indexes, fund

By Susanna Moon

Chicago, May 23 – GS Finance Corp. plans to price callable contingent coupon notes due May 30, 2021 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.5% to 9% if each underlying component closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes are callable at par on any contingent coupon payment date from December 2017 until September 2020.

The payout at maturity will be par plus the contingent coupon unless any component finishes below its 60% downside threshold, in which case investors will be fully exposed to the decline of the worst performing component.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054LD35.

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