GS Finance to price contingent coupon notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Aug. 28 – GS Finance Corp. plans to price contingent coupon notes due Sept. 29, 2023 linked to the Russell 2000 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 if the index closes at or above its trigger level, 70% of the initial index level, on the observation date for that quarter. The contingent coupon rate is expected to be 5.5% to 6.4% per year and will be set at pricing.

The payout at maturity will be par unless the index finishes below its trigger level, in which case investors will be fully exposed to the index’s decline from its initial level.

Goldman Sachs & Co. is the underwriter.

The notes will price Sept. 22.

The Cusip number is 40054LQG2.

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