Goldman plans contingent coupon callable notes linked to two indexes

By Susanna Moon

Chicago, May 5 – GS Finance Corp. plans to price 0% callable contingent coupon notes due May 31, 2021 linked to the worse performing of 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.

The notes will pay a contingent quarterly coupon at an annual rate of 7.4% if each index closes at or above its coupon barrier level, 60% of its initial index level, on the determination date for that quarter.

The notes are callable at par on any payment date from May 31, 2017 to Feb. 28, 2021.

The payout at maturity will be par plus the final contingent coupon unless either index finishes below its 50% 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 May 26 and settle on May 31.

The Cusip number is 40054KC38.

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