Goldman Sachs plans callable contingent coupon notes tied to S&P 500

By Susanna Moon

Chicago, April 8 – GS Finance Corp. plans to price callable contingent coupon notes due April 25, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a quarterly coupon at an annual rate of 4.125% if each index closes above the 55% coupon barrier level on the observation date for that quarter.

The notes will be callable at par plus any coupon due on any interest payment date beginning in April 2017.

The payout at maturity will be par unless either index closes below the 55% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

Goldman, Sachs & Co. is the agent.

The notes will price on April 20 and settle on April 25.

The Cusip number is 40054KAQ9.

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