GS Finance plans callable contingent coupon notes on S&P 500, Russell

By Marisa Wong

Morgantown, W.Va., May 13 – GS Finance Corp. plans to price callable contingent coupon notes due May 31, 2020 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 6.55% if each index closes at or above its coupon trigger level, 60% of its initial level, on the determination date for that quarter.

After one year, the notes are callable at par plus the contingent coupon, if any.

The payout at maturity will be par plus the final contingent coupon unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

Goldman Sachs & Co. is the agent.

The notes will price on May 26 and settle on May 31.

The Cusip number is 40054KBX3.

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