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GS Finance plans trigger callable contingent yield notes on indexes
By Wendy Van Sickle
Columbus, Ohio, June 8 – GS Finance Corp. plans to price trigger callable contingent yield notes due June 18, 2018 linked to the least performing of 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.
The notes will pay a contingent quarterly coupon at an annual rate of 9.2% to 10.2% if each index closes at or above its barrier level, 65% of its initial level, on each day during the quarterly observation period.
The notes will be callable at par on any coupon payment date.
The payout at maturity will be par unless any index finishes below its 65% downside threshold 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 June 10 and settle on June 17.
The Cusip number is 36250Y270.
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