GS Finance plans trigger contingent yield notes tied to three indexes

By Angela McDaniels

Tacoma, Wash., April 4 – GS Finance Corp. plans to price trigger contingent yield notes due Nov. 15, 2018 linked to the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 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 the rate of 8% per year if each index closes or at above its trigger level, 70% of its initial level, on the observation date for that quarter.

If each index finishes at or above its trigger level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

Goldman Sachs & Co. is the underwriter.

The notes will price April 5.

The Cusip number is 36250E746.

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