Goldman plans contingent coupon callables tied to Stoxx 50, Russell

By Susanna Moon

Chicago, Aug. 15 – GS Finance Corp. plans to price callable contingent coupon notes due Aug. 31, 2022 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 will pay a contingent quarterly coupon at an annual rate if each index closes at or above its 70% coupon barrier on the observation date for that quarter. The contingent coupon will be 7% for the first 12 payment dates and 9% for the final eight payment dates.

The notes are callable at par on any interest payment date from February 2018 to May 2022.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

The notes will price on Aug. 29 and settle on Aug. 31.

The Cusip number is 40054LND2.

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