GS Finance plans contingent income callable notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Sept. 6 – GS Finance Corp. plans to price contingent income callable securities due Sept. 21, 2026 linked to 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 7.8% if the index closes at or above its coupon threshold level, 75% of its initial index level, on the determination date for that quarter.

The notes will be callable at par plus the contingent coupon on any interest payment date beginning Sept. 21, 2017.

The payout at maturity will be par plus the final contingent coupon, if any, unless the index finishes below its 60% downside threshold level, in which case investors will be fully exposed to any losses.

Goldman Sachs & Co. is the agent.

The notes will price on Sept. 16.

The Cusip number is 40054KJ64.

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