GS Finance to price callable contingent coupon notes on indexes, fund

By Tali Rackner

Minneapolis, Aug. 28 – GS Finance Corp. plans to price callable contingent coupon notes due Aug. 31, 2022 linked to 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 be guaranteed by Goldman Sachs Group, Inc.

The notes pay a contingent quarterly coupon at an annual rate of 8.6% to 10% if each underlying asset closes at or above its coupon barrier, 80% of its initial level, on the observation date for that quarter.

The notes are callable at par on any coupon payment date from February 2018 to May 2021.

The payout at maturity will be par plus the final coupon, unless any asset finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least-performing asset.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054LPG3.

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