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

By Wendy Van Sickle

Columbus, Ohio, June 6 – GS Finance Corp. plans to price autocallable contingent coupon index-linked notes due July 6, 2026 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 5.5% if each index closes at or above 50% of its initial level on the review date for that quarter.

Beginning in June 2017, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to the loss of the worse performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

The notes will price on June 28 and settle on June 30.

The Cusip number is 40054KDQ6.

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