Goldman plans two-year callable contingent coupon notes tied to indexes

By Susanna Moon

Chicago, Aug. 10 – GS Finance Corp. plans to price 24-month callable contingent coupon notes linked to the Russell 2000 index and 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 contingent quarterly coupon at an annual rate of 6.55% if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date for that quarter.

The notes will be callable at par plus the contingent coupon on any interest payment date from November until May 2018.

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

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054KHK5.

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